Deutsche Bank analyst Joe Ahlersmeyer raised the firm’s price target on Builders FirstSource to $200 from $191 and keeps a Buy rating on the shares. For building products, the firm again sees the year ahead favoring stock selection, and again recommends investors start 2024 with a positive bias toward residential construction exposure and the distributor business model. The analyst reiterates Top Picks TopBuild (BLD), Builders FirstSource (BLDR) and Core & Main (CNM), and adds Beacon (BECN) to Top Picks in recognition of consistent progress on its initiatives and a belief that the roofing category will continue to deliver in 2024.
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Read More on BLDR:
- Builders FirstSource price target raised to $165 from $145 at Truist
- Builders FirstSource upgraded to Buy after investor day at B. Riley
- Builders FirstSource price target raised by $10 at BofA, here’s why
- B. Riley gets more bullish on Builders FirstSource, upgrades shares
- Builders FirstSource to host investor day
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