B of A Securities Initiates Coverage On Builders FirstSource with Neutral Rating, Announces Price Target of $143
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Rafe Jasrosich has initiated coverage on Builders FirstSource (NYSE:BLDR) with a Neutral rating and set a price target of $143.
December 01, 2023 | 1:45 pm
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NEUTRAL IMPACT
Builders FirstSource receives a Neutral rating from B of A Securities with a price target of $143.
The initiation of coverage by B of A Securities with a Neutral rating suggests that the analyst sees the stock performing in line with the market or sector. The price target of $143 indicates a potential direction for the stock price but does not imply significant upside or downside, hence the neutral impact score. The relevance is high as the news is directly about BLDR, and the importance is significant for investors considering the influence of analyst ratings on stock perception. The confidence level is high due to the clear stance of the analyst, although market reactions to analyst ratings can be unpredictable.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100