B of A Securities Downgrades Builders FirstSource to Neutral, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Builders FirstSource (NYSE:BLDR) from Buy to Neutral and lowered the price target from $183 to $180.
August 02, 2024 | 11:04 am
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B of A Securities has downgraded Builders FirstSource from Buy to Neutral and lowered the price target from $183 to $180.
The downgrade from Buy to Neutral and the slight reduction in the price target suggests a less optimistic outlook for Builders FirstSource. This could lead to a short-term decline in the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100