B. Riley Securities Upgrades Builders FirstSource to Buy, Raises Price Target to $177
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Alex Rygiel upgraded Builders FirstSource (NYSE:BLDR) from Neutral to Buy and increased the price target from $128 to $177.
December 06, 2023 | 10:44 am
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Builders FirstSource was upgraded by B. Riley Securities from Neutral to Buy, with a price target boost from $128 to $177, indicating a positive outlook on the stock.
Upgrades by analysts, especially with a significant increase in price target, tend to create positive sentiment among investors and can lead to a short-term increase in stock price. The upgrade from Neutral to Buy suggests a strong conviction in the company's future performance and the raised target implies a higher expected value for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100