Goldman Sachs initiated coverage of TopBuild with a Buy rating and $355 price target, implying 22% upside from current levels. As one of the largest installers and distributors of insulation in North America, execution of TopBuild’s strategy along with favorable operating dynamics should drive upside to results and the stock over the next 12 months, the analyst tells investors in a research note. The firm cites operational capabilities, benefits from company specific-efforts and material inflation, and increasing exposure to non-residential end markets for the Buy rating.
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