RBC Capital analyst Mike Dahl raised the firm’s price target on Builders FirstSource to $211 from $186 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company continues to print impressive margins, while the long-term thesis on above-market growth, sustained double-digit EBITDA margins, and significant free cash flow / capital deployment opportunity remains intact, 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