Goldman Sachs Upgrades Installed Building Prods: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has upgraded Installed Building Prods (NYSE:IBP) to a Buy rating with a new price target of $178.00, up from the previous $146.00. The upgrade suggests a potential upside of 29.53% from the current share price of $137.42. Installed Building Products Inc is a residential insulation installer and also installs various other building products across the U.S.
November 16, 2023 | 5:00 pm
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POSITIVE IMPACT
Goldman Sachs upgraded Installed Building Prods to Buy and raised the price target to $178, suggesting a significant upside from the current price.
The upgrade by Goldman Sachs to a Buy rating and the increase in price target to $178 from $146 is a strong positive signal for investors, indicating the bank's confidence in the company's future performance. This could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100