Jefferies assumed coverage of Builders FirstSource with a Buy rating with a price target of $185, down from $205. With management calibrating 2025 estimates for multi-family and commodity inflation normalization, the outlook has been de-risked and Builders is set up well to outperform as single-family housing starts inflect, the analyst tells investors. The firm expects buybacks and M&A to accelerate as well, the analyst added.
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