TopBuild price target raised to $225 from $205 at KeyBanc

KeyBanc analyst Kenneth Zener raised the firm’s price target on TopBuild to $225 from $205 on higher valuation, while keeping an Overweight rating on the shares. Amid a very uncertain housing outlook, with moderating input costs despite labor constraints, the firm thinks TopBuild is well positioned to outgrow "lagged" starts, with M&A and purchasing efficiencies a compelling narrative.