TopBuild price target raised to $429 from $419 at Goldman Sachs

Goldman Sachs analyst Susan Maklari raised the firm’s price target on TopBuild to $429 from $419 and keeps a Buy rating on the shares after its Q4 earnings beat. The company is well positioned to leverage a normalizing operating backdrop across residential and commercial end-markets through the coming year amid a likely acceleration in residential volume growth given the pace of starts over the last 6+ months, pricing that offsets ongoing inflation, and efforts to drive productivity and efficiencies, the analyst tells investors in a research note.