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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLDR:
- Builders FirstSource price target lowered to $192 from $206 at BofA
- Builders FirstSource Reports Q3 2024 Financial Results
- Early notable gainers among liquid option names on November 5th
- Morning Movers: GlobalFoundries and Apollo Global gain following Q3 results
- Builders FirstSource sees FY24 revenue $16.25B -$16.55B, consensus $16.85B