$CODI

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Update: Compass Diversified Shares Rise After Q2 Swings to Profit

(Updates with the company's stock move in the headline and first paragraph, analysts upgrade in the sixth paragraph.)Compass Diversified (CODI) shares were up over 11% in Tuesday trading after the company reported a swing to earnings in Q2.The company reported Q2 earnings late Monday of $0.86 per share, swinging from a loss of $0.88 a year earlier.Analysts polled by FactSet expected earnings of $0.09.Net sales in the three months ended June 30 fell to $424 million from $478.7 million a year earlier.Analysts projected $425.3 million.Additionally, B. Riley upgraded the company's stock to buy from neutral and raised its price target to $15 from $11.Price: $12.34, Change: $+1.26, Percent Change: +11.37%

$CODI

Research7h ago

B. Riley Upgrades Compass Diversified to Buy From Neutral, Adjusts Price Target to $15 From $11

Compass Diversified Holdings (CODI) has an average rating of overweight and mean price target of $14.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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