PATK stock news · Patrick Industries, Inc.
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LCI INDUSTRIES: Other Events (LCII)
Good for PATKPatrick's agreed purchase of LCI faces less competition after LCI's board rejected Monomoy's non-binding offer. The merger still depends on its stated conditions, but the rejection supports Patrick's path to completing it.
Truist has lowered its price goal for Patrick Industries from $108 to $88.
Bad for PATKTruist lowered its estimate of Patrick Industries' share value but kept its Buy rating. The lower estimate makes this update unfavorable for PATK.