Barclays analyst Matthew Bouley raised the firm’s price target on Builders FirstSource to $200 from $166 and keeps an Overweight rating on the shares post the Q2 results. The analyst sees reinforced evidence of structural profitability improvement, sharply higher earnings estimates, favorable cyclical backdrop, and continued significant capital deployment firepower.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 today’s best-performing stocks on TipRanks >>
Read More on BLDR:
- Builders FirstSource seesFY23 revenue $16.8B-$17.8B, consensus $16.46B
- Builders FirstSource reports Q2 EPS $3.89, consensus $2.69
- Builders Firstsource (BLDR) Q2 Earnings Cheat Sheet
- Builders FirstSource price target raised to $162 from $135 at RBC Capital
- Builders FirstSource price target raised to $166 from $160 at Barclays