Nomura/Instinet Downgrades GMS Inc. (GMS) to Neutral

Nomura/Instinet analyst Michael Wood downgraded GMS Inc. (NYSE: GMS) from Buy to Neutral with a price target of $20.00 (from $27.00).

• Downgrades the most cyclical companies.
• "...we believe residual demand impacts from increased tariffs rates would impact companies most exposed to the new residential construction end market."

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 $18.97 yesterday.

You May Also Be Interested In

• MSC Industrial (MSM) PT Raised to $145 at KeyBanc
• Oruka Therapeutics (ORKA) PT Raised to $130 at UBS as Stock Undervalued
• Craig-Hallum Starts Fractyl Health Inc (GUTS) at Buy