B. Riley lowered the firm’s price target on Builders FirstSource to $187 from $197 and keeps a Buy rating on the shares. The company’s Q2 beat but guidance for the second half of 2024 and 2025 is modestly below expectations, the analyst tells investors in a research note. The firm says Builders’ headwinds persist, including weak multi-family activity and smaller homes being built with lower priced materials.
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