TopBuild's Future Prospects: Analyst Highlights Single-Family Market Rebound And Growth In Commercial/Industrial Segment
Portfolio Pulse from Nabaparna Bhattacharya
Truist Securities analyst Keith Hughes reiterated a Buy rating on TopBuild Corp. (NYSE:BLD), raising the price target to $340 from $256. The company recently reported Q2 results, beating earnings estimates and raising EBITDA guidance. The analyst also highlighted the company's growth in the single-family market and commercial/industrial segment. BLD recently announced an agreement to purchase Specialty Products & Insulation (SPI) for $960 million.
August 04, 2023 | 6:31 pm
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TopBuild Corp. (NYSE:BLD) has received a Buy rating from Truist Securities, with a raised price target of $340. The company's Q2 earnings beat estimates and EBITDA guidance was raised. The company also announced an agreement to purchase Specialty Products & Insulation (SPI) for $960 million.
The positive rating from Truist Securities, along with the raised price target, indicates a positive outlook for TopBuild Corp. The company's Q2 earnings beat estimates, which is a positive sign for investors. The raised EBITDA guidance also indicates that the company is expecting strong financial performance in the future. The acquisition of SPI could also potentially contribute to the company's growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100