Loop Capital Is Bullish On GMS, Sees Notable Upside

• GMS Inc (NYSE:GMS) was initiated by Loop Capital analyst Jeffrey Stevenson, with a Buy rating and a price target of $62, implying an upside of 17%.
• The analyst mentions GMS has several positive catalysts that will move the shares higher.
• Stevenson thinks the share pullback from recent highs presents an attractive long-term entry point.
• Also Read: GMS' Q3 Revenue Surpass Street View, Registers 54% Growth.
• Price Action: GMS shares traded higher by 1.32% at $53.06 on the last check Friday.