SKY - Skyline Champion downgraded to Neutral by Wedbush on fair valuation

Wedbush analyst Jay McCanless downgrades Skyline Champion (SKY) to Neutral from Outperform on the view that its current valuation already prices in the company's recently announced ScotBilt acquisition and improving dynamics."We anticipate the next catalyst for the shares should be the F4Q21 EPS release which should occur in mid-May," McCanless writes.Keeps price target at $47.The Wedbush rating contracts with Bullish Quant rating and average Sell-Side rating of Bullish (3 Very Bullish, 2 Bullish, 2 Neutral).

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Skyline Champion downgraded to Neutral by Wedbush on fair valuation