Beacon Roofing upgraded to Buy from Neutral at Longbow Longbow upgraded Beacon Roofing to Buy citing an attractive risk/reward following the recent underperformance of shares. The firm has a $42 price target for the stock.
Beacon Roofing price target raised to $49 from $40 at Baird Baird raised its price target on Beacon Roofing to $49 from $40 following better than expected Q4 results and guidance. The firm cited signs of improvement in residential re-roofing, gross margin trends and continued excellent expense discipline. Baird reiterated its Outperform rating on Beacon Roofing shares.