Builders FirstSource price target raised to $225 from $185 at Loop Capital

Loop Capital analyst Jeffrey Stevenson raised the firm’s price target on Builders FirstSource to $225 from $185 and keeps a Buy rating on the shares. The company’s Q4 earnings beat was driven by better-than-expected top and bottom line results as Builders FirstSource began to see a pickup in early cycle residential product categories such as lumber and truss, the analyst tells investors in a research note.