Barclays Maintains Overweight on Builders FirstSource, Raises Price Target to $211
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley has maintained an Overweight rating on Builders FirstSource (NYSE:BLDR) and increased the price target from $182 to $211.
October 09, 2024 | 2:44 pm
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Barclays has reaffirmed its Overweight rating on Builders FirstSource and increased the price target to $211, indicating confidence in the company's future performance.
The increase in price target from $182 to $211 by Barclays suggests a positive outlook on Builders FirstSource's future performance. The Overweight rating indicates that the analyst expects the stock to outperform the market. This is likely to have a positive short-term impact on the stock price as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100