Supreme Industries (NSDQ: STS) is getting steam rolled today from a downgrade by Sidoti. The brokerage firm changed its recommendation on the stock to neutral from buy as it got close to the firm’s $15 target. 

We don’t have access to the report but spoke with Matt Dennis at Supreme who had read it. Most importantly, Sidoti did not lower any estimates nor change its opinion about the health of Supreme’s business.

We recommend buying the stock on the dip. At $12 Supreme is a screaming buy. Earnings are expected to grow 25% in 2016 and 20% in 2017. We reiterate our $23 target, a level almost double today’s price.