Loop Capital raised the firm’s price target on Installed Building Products to $270 from $250 and keeps a Buy rating on the shares. The company reported a solid Q1 earnings beat, benefiting from an improving single-family demand environment,the analyst tells investors in a research note. Installed Building Products posted positive single-family organic sales growth for the first time since Q4 of 2022 due to an inflection in production builder demand since the start of the year, Loop added.
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