Credit Suisse Starts GMS Inc. (GMS) at Outperform

Credit Suisse initiates coverage on GMS Inc. (NYSE: GMS) with a Outperform rating and a price target of $26.00.

Analyst Michael Dahl sees the following key positives supporting their $26 target price: (1) GMS’s scale advantage driving existing footprint share gains, (2) GMS’s greenfield and acquisition strategy further augmenting healthy residential (~40%) and commercial (~60%) end-market growth, (3) earnings growth well above peers, and (4) exclusivity agreements in ceilings helping to drive pullthrough sales for the entire portfolio.

For an analyst ratings summary and ratings history on GMS Inc. click here. For more ratings news on GMS Inc. click here.

Shares of GMS Inc. closed at $21.00 yesterday.

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