DA Davidson initiated coverage of TopBuild with a Buy rating and $470 price target. The company has demonstrated the ability to leverage increasing scale within insulation installation and distribution into strong operating leverage and increasingly attractive returns on capital, says the analyst, who sees “a constructive operating environment alongside single-family tailwinds.” The valuation is “still not overly demanding” despite “a big run in shares,” the analyst added.
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 Insiders’ Hot Stocks on TipRanks >>
Read More on BLD:
- TopBuild price target raised to $450 from $320 at Benchmark
- TopBuild price target raised to $429 from $419 at Goldman Sachs
- TopBuild price target raised to $440 from $280 at Seaport Research
- TopBuild Corp Issues Key Investor Updates in Press Release
- TopBuild Reports Fourth Quarter and Year-End 2023 Financial Results