Shares of Beacon Roofing Supply rise to a new all-time high after home-improvement retailer Home Depot struck a deal to buy its privately held competitor, SRS Distribution.

BMO Capital Markets revised its price target for Beacon Roofing Supply (NASDAQ:BECN) shares, increasing it to $136 from the previous $125, while maintaining an Outperform rating. The stock, currently ...

The retailer announced in March that it was acquiring SRS Distribution, a company that sells supplies to roofing, pool and landscaping professionals, for $18.25 billion and closed the deal in June.