Raymond James raised the firm’s price target on Service Corp. (SCI) to $85 from $80 and keeps an Outperform rating on the shares. Service Corp’s Q3 results were roughly in line with expectations, and management updated its 2024 guidance, the analyst tells investors in a research note. Management continues to believe it can reach the high end of its 8%-12% EPS growth target in 2025 due to a normalization of growth in both funeral and cemetery and some upside from the new insurance funded arrangement, the firm says.
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Read More on SCI:
- Service Corporation International Reports Q3 2024 Results
- Service Corp. reports Q3 adjusted EPS 79c, consensus 77c
- Service Corp. sees Q4 adjusted EPS $1.00-$1.10, consensus $1.07
- Service Corp. sees FY24 adjusted EPS $3.47-$3.57, consensus $3.53
- SCI Earnings this Week: How Will it Perform?
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