BofA raised the firm’s price target on Builders FirstSource to $198 from $165 and keeps a Neutral rating on the shares. The firm’s higher target reflects higher sector multiples, stabilization in lumber prices and lower mortgage rates, but it reiterates a Neutral rating as the analyst sees limited upside at the current valuation.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLDR:
- Morning Movers: Darden rises following first quarter results
- Builders Firstsource Announces Leadership Transition and Strategic Growth Focus
- Builders FirstSource CEO Dave Rush to retire, Peter Jackson to succeed
- Builders FirstSource price target raised to $225 from $205 at Oppenheimer
- Zillow upgraded, Yelp initiated: Wall Street’s top analyst calls
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue