TopBuild shares are trading lower after Truist Securities maintained a Hold rating on the stock and lowered its price target from $410 to $395. Also, Evercore ISI Group maintained an Outperformed rating on the stock and lowered its price target from $555 to $489.
Portfolio Pulse from Benzinga Newsdesk
TopBuild shares are trading lower after Truist Securities maintained a Hold rating and lowered its price target from $410 to $395. Evercore ISI Group also maintained an Outperform rating but lowered its price target from $555 to $489.
August 07, 2024 | 4:27 pm
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TopBuild shares are trading lower after Truist Securities and Evercore ISI Group lowered their price targets. Truist reduced its target from $410 to $395 while maintaining a Hold rating. Evercore reduced its target from $555 to $489 while maintaining an Outperform rating.
The reduction in price targets by both Truist Securities and Evercore ISI Group indicates a less optimistic outlook for TopBuild, leading to a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100