Stephens & Co. Maintains Overweight on Builders FirstSource, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Trey Grooms maintains an Overweight rating on Builders FirstSource (NYSE:BLDR) but lowers the price target from $175 to $150.
November 02, 2023 | 2:04 pm
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The price target for Builders FirstSource has been lowered from $175 to $150 by Stephens & Co., though the Overweight rating is maintained.
The lowering of the price target by Stephens & Co. could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees potential upside, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100