Builders FirstSource price target raised to $175 from $130 at Stephens

Stephens analyst Trey Grooms raised the firm’s price target on Builders FirstSource to $175 from $130 and keeps an Overweight rating on the shares. The company reported an “impressive” quarter and guidance was “better than expected,” driven by growth in multifamily, which should extend to the end of the year, the analyst tells investors. While single-family continues to drag on the business, Stephens is “impressed” by the company’s execution.