{
  "id": 473785,
  "title": "Truist cuts Patrick Industries stock price target on RV softness",
  "url": "https://urgent.news/2026/08/10/truist-cuts-patrick-industries-stock-price-target-on-rv-softness",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T14:02:56.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/truist-cuts-patrick-industries-stock-price-target-on-rv-softness-93CH-4849628"
  },
  "original_language": "en",
  "account": null,
  "summary": "Truist Securities has lowered its price target on Patrick Industries (NASDAQ:PATK) stock to $108 from $113, maintaining a Buy rating. The firm cited softness in the recreational vehicle (RV) market as the reason for the downgrade, with Patrick Industries' shares currently trading at $87.41, indicating a potential 24% upside to the new target. The company's fiscal 2026 adjusted EBITDA estimate was reduced to $462 million from $486 million, while its adjusted earnings per share estimate was lowered to $4.20 from $4.55. Analysts noted that the lower estimates reflect broader concerns about the company’s near-term outlook, with 6 revisions downwards for the upcoming period. Patrick Industries reported a second-quarter 2026 adjusted earnings per share of $1.29 on revenue of $1.04 billion, slightly below Wall Street’s forecast, while managing to maintain revenue levels despite a 16% decrease in RV wholesale shipments. The company demonstrated strong performance in its marine, powersports, and housing segments.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Truist raises Under Armour stock price target on cost cuts",
        "url": "https://urgent.news/2026/08/10/truist-raises-under-armour-stock-price-target-on-cost-cuts",
        "published": "2026-08-10T14:02:52.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}