Stifel raised the firm’s price target on Builders FirstSource to $220 from $200 and keeps a Buy rating on the shares. The company reported Q4 results that came in ahead of expectations despite a weak housing market, the analyst tells investors. Related to what the company can control, Stifel is pleased with Builders FirstSource’s focus on continuous improvements, digital investments, and capital allocation decision, which should drive results longer-term beyond the “favorable” single-family environment in 2024.
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:
- 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
