Truist Securities Maintains Buy on Installed Building Prods, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Keith Hughes has maintained a 'Buy' rating on Installed Building Products (NYSE:IBP), but lowered the price target from $170 to $160.
November 09, 2023 | 9:39 pm
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NEUTRAL IMPACT
Installed Building Products' price target has been lowered from $170 to $160 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities may cause some short-term uncertainty among investors, potentially impacting the stock's price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100