TopBuild shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $312 to $387.
Portfolio Pulse from Benzinga Newsdesk
TopBuild Corp's stock (BLD) is trading higher following an upgrade by JP Morgan from Neutral to Overweight, with an increased price target from $312 to $387.
December 14, 2023 | 3:11 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
TopBuild Corp's stock received a positive analyst rating upgrade from JP Morgan, changing from Neutral to Overweight, and the price target was raised significantly from $312 to $387.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a bullish outlook on the company's future performance. The substantial increase in the price target from $312 to $387 by a reputable firm like JP Morgan is likely to instill investor confidence and could result in a short-term price increase for TopBuild Corp's shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100