Jefferies Maintains Buy on TopBuild, Lowers Price Target to $515
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philip Ng maintains a Buy rating on TopBuild (NYSE:BLD) but lowers the price target from $525 to $515.
October 09, 2024 | 9:07 pm
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Jefferies analyst Philip Ng maintains a Buy rating on TopBuild but lowers the price target from $525 to $515, indicating a slight decrease in expected upside.
The maintenance of a Buy rating suggests continued confidence in TopBuild's performance, but the lowered price target indicates a slightly reduced expected upside. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive but with tempered expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100