Service Corp International reports strong earnings and analysts raise stock forecasts

Service Corp International reported third-quarter earnings of 79 cents per share, exceeding expectations of 77 cents. However, sales of $1.014 billion fell short of the $1.016 billion forecast. The company highlighted positive impacts from a new marketing agreement for funeral services. It noted stable gross profits in both funeral and cemetery operations compared to last year. Following the earnings report, analysts raised their price targets for the stock. Raymond James increased its target from $80 to $85, while Truist Securities raised its target from $84 to $92.