Griffon Corporation (GFF) saw its stock price surge 5.14% during intraday trading on Friday, reflecting strong investor sentiment following positive corporate developments.

The movement appears to be driven by the company's release of its fourth-quarter financial results, which showed adjusted earnings per share rising to USD 1.45, a 4 percent increase compared to the same period last year. This performance demonstrates the company's continued profitability and operational strength.

Adding to the positive momentum, investment firm Baird raised its price target on Griffon to $108 from $100 while maintaining an Outperform rating on the shares. This analyst action signals increased confidence in the company's future financial prospects and valuation potential.