RBC Capital raised the firm’s price target on Installed Building Products to $216 from $188 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company also provided a solid demand and price outlook this year and expects incremental margins to remain elevated, the analyst tells investors in a research note.
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Read More on IBP:
- Installed Building Products Announces Dividend and Refinancing Talks
- Installed Building Products increases quarterly dividend 6% to 35c per share
- Installed Building Products reports Q4 adjusted EPS $2.72, consensus $2.45
- IBP Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Installed Building Products upgraded to Conviction Buy from Buy at Goldman Sachs
