BMO Capital raised the firm’s price target on Builders FirstSource to $150 from $135 and keeps a Market Perform rating on the shares. The company introduced solid 2024-2026 targets with focus on generating $1B in incremental digital sales by 2026 and expanding value-added products and services, the analyst tells investors in a research note. The firm adds it is encouraged by Builders FirstSource’s medium-term growth runway and margin expansion opportunity but sees risk/reward as fairly balanced against an uncertain macro backdrop.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BLDR:
- Builders FirstSource upgraded to Buy after investor day at B. Riley
- Builders FirstSource price target raised by $10 at BofA, here’s why
- B. Riley gets more bullish on Builders FirstSource, upgrades shares
- Builders FirstSource to host investor day
- Rambus, Comfort Systems USA to join S&P 400 at open on 12/18