Barclays Maintains Overweight on Builders FirstSource, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley maintains an Overweight rating on Builders FirstSource (BLDR) but lowers the price target from $240 to $200.

May 08, 2024 | 6:35 pm
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Barclays maintains an Overweight rating on Builders FirstSource but lowers the price target from $240 to $200.
While the reduction in price target from $240 to $200 by Barclays could be seen as a negative signal, the maintenance of an Overweight rating suggests that the analyst still sees positive fundamentals in Builders FirstSource. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the continued positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100