JP Morgan Upgrades TopBuild to Overweight, Raises Price Target to $387
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut has upgraded TopBuild (NYSE:BLD) from Neutral to Overweight and increased the price target from $312 to $387, indicating a positive outlook on the company's stock.
December 14, 2023 | 11:44 am
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TopBuild's stock rating has been upgraded by JP Morgan from Neutral to Overweight, with a significant raise in price target from $312 to $387.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved performance or potential of the company. The substantial increase in price target further reinforces the positive sentiment and could lead to increased investor interest and a rise in stock price.
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