As previously reported, Seaport Research analyst Kenneth Zener initiated coverage of TopBuild with a Buy rating and $315 price target. While residential risks “always exist,” TopBuild’s growing non-residential mix should provide less cyclical, higher recurring growth prospects and its steady incremental margins should ease deep cyclical swings, the analyst tells investors.
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Read More on BLD:
- TopBuild initiated with a Buy at Seaport Research
- TopBuild to acquire SPI in all-cash transaction valued at $960M
- TopBuild to Acquire Specialty Products & Insulation In All-Cash Transaction Valued at $960 Million
- TopBuild added to ‘US 1’ list at BofA, Thermo Fisher removed
- TopBuild price target raised to $305 from $255 at BofA
