12:32 PM EDT, 10/11/2024 (MT Newswires) -- National Bank has kept its Sector Perform rating on Richelieu Hardware ( RHUHF ), but trimmed its target to $44.50, from $45.50, after the company reported its third quarter results.

Richelieu's revenue clocked in at $467.7 million, up 1.9% driven by a -1.3% organic decline and offset by a 3.2% lift from acquisitions, in line with National's $468.4 million forecast. EPS of $0.41 missed National's $0.44 estimate.

Price: 38.96, Change: -0.06, Percent Change: -0.15