DA Davidson added TopBuild to the firm’s “Best-of-Breed Bison” list while keeping a Buy rating on the shares with a $460 price target. The “Best-of-Breed Bison list attempts to identify the highest quality companies with strong competitive positioning and exceptional financials”, and TopBuild presently possesses 10 of the 12 criteria required to join this category, the analyst tells investors in a research note. The company holds a dominant 40% market share in residential insulation installation/distribution, providing TopBuild with purchasing advantages, which can also be leveraged with acquisitions, and over time, the company has become increasingly diversified from end-market perspective, the firm added.
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Read More on BLD:
- TopBuild price target lowered to $460 from $470 at DA Davidson
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- TopBuild’s Press Release Avoids Exchange Act Liabilities
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