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Benzinga
Benzinga
Business
Akanksha Bakshi

Loop Capital Is Bullish On GMS, Sees Notable Upside

  • GMS Inc (NYSE:GMS) was initiated by Loop Capital analyst Jeffrey Stevenson, with a Buy rating and a price target of $62, implying an upside of 17%.
  • The analyst mentions GMS has several positive catalysts that will move the shares higher.
  • Stevenson thinks the share pullback from recent highs presents an attractive long-term entry point.
  • Also Read: GMS' Q3 Revenue Surpass Street View, Registers 54% Growth.
  • Price Action: GMS shares traded higher by 1.32% at $53.06 on the last check Friday.
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