Goldman Sachs upgraded Installed Building Products to Conviction Buy from Buy with a $216 price target. The firm added Target (TGT), Ally Financial (ALLY) and Installed Building Products (IBP) to its Conviction List, while removing JP Morgan (JPM), Republic Services (RSG), Okta (OKTA) and WW International (WW) as part of its monthly “Directors’ Cut” revisions. For Installed Building, the analyst believes the insulation installation contractor is well positioned to benefit from a U.S. housing recovery given its residential exposure, size, scale, and expertise.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on IBP:
- Installed Building Products price target raised to $205 from $135 at Loop Capital
- Installed Building Products downgraded to Hold from Buy at Truist
- Installed Building Products just upgraded at JPMorgan, here’s why
- Installed Building Products acquires Combee Insulation, terms not disclosed
- Installed Building Products price target raised by $9 at Deutsche Bank, here’s why