RBC Capital raised the firm’s price target on Builders FirstSource (BLDR) to $187 from $178 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company’s FY25 forecast shift is volume driven, and the firm is modeling a low-single-digit blended end market for FY25, while its gross margins remain resilient at stronger than expected levels, the analyst tells investors in a research note.
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Read More on BLDR:
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