TopBuild price target raised to $340 from $256 at Truist

Truist raised the firm’s price target on TopBuild to $340 from $256 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s results continue to outperform despite the impact from falling starts last year, as a combination of backlog, multi-family strength and synergies from DI deal continue to help, the analyst tells investors in a research note.