Builders FirstSource price target lowered to $168 from $175 at BMO Capital

BMO Capital analyst Ketan Mamtora lowered the firm’s price target on Builders FirstSource (BLDR) to $168 from $175 and keeps a Market Perform rating on the shares after its Q4 results and guidance. The risk/reward on the stock is starting to look more attractive, but the housing backdrop is choppy, and if housing demand remains soft over the next few quarters, industry pricing competition could intensify, the analyst tells investors in a research note.