Stock price when the opinion was issued
Following the stock's pullback amid the CEO's departure, several analysts have increased their price targets on the company today, and we view this pullback as a good long-term buying opportunity. We continue to view the company as a high-quality name, and while there is increased uncertainty around its future given the CEO's departure, it has had four CEOs since 1984, all while its shares have generally traded up and to the right.
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With good growth expected and at 23X earnings, we think it looks good. The stock has done well over the past year and is up nicely in 2025. Note that leverage is fairly high and the Q1 may look weaker because of tough year over year comparisons as last year's Q1 was very strong. But we think it is fine overall assuming a decent holding period.
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