Builders FirstSource price target lowered to $188 from $200 at Barclays

Barclays lowered the firm’s price target on Builders FirstSource to $188 from $200 and keeps an Overweight rating on the shares. The analyst expects guidance and estimate reductions across the homebuilding and building products space this earnings season, but says sentiment is “already downbeat and much may already be priced in.” The firm reduced estimates and price targets ahead of the Q2 reports.