SKY - Skyline Champion's Strategic Leap: Analyst Eyes Positive Turn With ECN Investment And Triad Integration | Benzinga
Wedbush analyst Jay McCanless reiterated an Outperform rating on the shares of Skyline Champion Corporation (NYSE: SKY) with a price target of $78.
Yesterday, Skyline announced the closing of about $138 million investment into the Canadian company ECN Capital.
The investment comprises 33.55 million ECN common shares and 27.45 million convertible preferred Series E shares, representing about 19.9% of ECN’s common shares.
The analyst believes the primary goal ...