Stifel Maintains Buy on Builders FirstSource, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott has maintained a Buy rating on Builders FirstSource (NYSE:BLDR) and increased the price target from $184 to $200.
December 19, 2023 | 3:29 pm
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POSITIVE IMPACT
Stifel analyst Stanley Elliott reaffirmed a Buy rating on Builders FirstSource and raised the price target to $200, indicating a positive outlook on the stock.
The increase in price target by Stifel suggests a strong conviction in the future performance of Builders FirstSource. This endorsement from a reputable analyst is likely to instill confidence in investors and could lead to a short-term increase in the stock price, as market participants may adjust their valuations to align with the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100