TopBuild price target lowered to $310 from $395 at Truist

Truist lowered the firm’s price target on TopBuild (BLD) to $310 from $395 and keeps a Hold rating on the shares. The company’s Q4 results were above Street, but guidance for 2025 was below and shows a rare contraction in EBITDA, the analyst tells investors in a research note. Multi-family contraction, coupled with a flattish single family view, puts some pressure on revenue in 2025, the firm adds.