TopBuild price target raised to $305 from $255 at BofA

BofA analyst Rafe Jadrosich raised the firm’s price target on TopBuild to $305 from $255 and keeps a Buy rating on the shares ahead of Q2 earnings. The firm’s channel checks and commentary from public homebuilders indicate the inflection in single-family housing starts that began in Q2 will continue into the second half and it expects the acceleration of housing starts to drive upside for TopBuild’s residential business.