BMO Capital analyst Alex Rygiel raised the firm’s price target on Builders FirstSource to $165 from $150 and keeps a Market Perform rating on the shares. The company is s executing well with help from above-normal margins in both multi-family and core-organic sales, while its strong balance sheet provides financial flexibility, the analyst tells investors in a research note.
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Read More on BLDR:
- BLDR Earnings: Builders FirstSource Soars on Q4 Beat, $1B Buyback
- Builders Firstsource Launches $1 Billion Stock Buyback Plan
- Builders FirstSource increases stock repurchase plan to $1B
- Builders FirstSource sees FY24 capital expenditures $525M-$575M
- Builders FirstSource reports Q4 adjusted EPS $3.55, consensus $2.54
