DA Davidson analyst Kurt Yinger raised the firm’s price target on Builders FirstSource to $80 from $68 and keeps a Neutral rating on the shares. The company reported another "strong quarter", the analyst tells investors in a research note, with the firm also citing increased confidence in forecasts, capital deployment optionality, and more credit given to Builders FirstSource’s "position of strength". DA Davidson further notes that the expectations for continued strong free cash flow generation of over $1B support additional capital deployment optionality.
Published first on TheFly
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