Goldman Sachs Upgrades Installed Building Prods to Buy, Raises Price Target to $178
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Susan Maklari upgraded Installed Building Products (IBP) from Neutral to Buy and increased the price target from $146 to $178.
November 16, 2023 | 10:49 am
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POSITIVE IMPACT
Installed Building Products was upgraded by Goldman Sachs from Neutral to Buy, with a price target increase from $146 to $178.
Upgrades by prominent investment banks like Goldman Sachs typically lead to a positive short-term reaction in the stock price as market sentiment improves. The substantial increase in the price target further reinforces the positive outlook, suggesting a higher valuation and potential upside for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100