As previously reported, BofA analyst Rafe Jadrosich upgraded Builders FirstSource to Buy from Neutral with a price target of $200, up from $153. Builders is the best positioned name in the analyst’s coverage for stronger single-family home starts, a potential increase in lumber prices and homebuilders’ shift to more value-add services, the firm tells investors, adding that in the building products group it still prefers names levered to new construction over repair & remodel, or R&R.
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