TopBuild price target lowered to $395 from $410 at Truist

Truist lowered the firm’s price target on TopBuild to $395 from $410 and keeps a Hold rating on the shares. The company’s Q2 results were below expectations albeit with a second-half guidance that was mostly unchanged, the analyst tells investors in a research note. Commercial demand timing was blamed, though the price increases – even adjusting for prior year comps – remains in low-single-digits, the firm added.