ROCK Price Target Crumbles But Still ROCK Solid

Shares of Gibraltar Industries, Inc. (NASDAQ: ROCK) are up 4.77% to $11.65 per share. KeyBanc Capital Markets analyst Mark L. Parr, CFA, is reiterating his BUY rating on ROCK but cut the price target from $21 to $17.

Also, the analyst reduced his 2010 EPS estimate to 50c from $1.00 and the 2011 EPS estimate to $1.00 from $1.25.

Mr. Parr presents some actionable advice by saying, "We encourage investors apprehensive to chase the stock last summer to revisit the idea at these levels, while we encourage long-term investors to add to present positions."