Oppenheimer raised the firm’s price target on Builders FirstSource to $225 from $205 and keeps an Outperform rating on the shares after catching up with the IR team to discuss common investor questions. The company feels good about its market share in value-added products and has not noticed a change in competitive dynamics, the firm says. It also reiterated that it could buy back stock and complete M&A at the same time depending on ROI. Builders FirstSource currently feels good about the M&A pipeline.
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