Truist lowered the firm’s price target on Builders FirstSource (BLDR) to $145 from $180 and keeps a Buy rating on the shares. The firm cites the company’s Q1 results and reduced guidance due to a weaker single-family outlook, the analyst tells investors in a research note. The majority of pressure in the quarter is coming from multi-family declines in several value-added products, coupled with weakening single-family performance, Truist adds.
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