Builders FirstSource shares are trading lower after Barclays maintained an Overweight rating on the stock but lowered its price target from $200 to $175.
Portfolio Pulse from Benzinga Newsdesk
Barclays has maintained an Overweight rating on Builders FirstSource but lowered its price target from $200 to $175. This has led to a decrease in the company's share price.
October 12, 2023 | 5:53 pm
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Barclays has lowered its price target for Builders FirstSource from $200 to $175, while maintaining an Overweight rating. This has resulted in a decrease in the company's share price.
The lowering of the price target by Barclays, a major financial institution, has a direct impact on the perceived value of Builders FirstSource. This has led to a decrease in the company's share price, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100