As previously reported, RBC Capital analyst Mike Dahl downgraded Builders FirstSource (BLDR) to Sector Perform from Outperform with a price target of $129, down from $132. While stating that the reset to FY25 guidance “should finally de-risk” the near-term, the firm sees a “lower for longer trough” and cut its FY25 and FY26 adjusted EBITDA estimates by 13% and 19%, respectively.
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Read More on BLDR:
- Builders FirstSource price target lowered to $135 from $137 at Barclays
- Builders FirstSource reports Q2 adjusted EPS $2.38, consensus $2.34
- Builders cuts FY25 revenue view to $14.8B-$15.6B from $16.05B-$17.05B
- Is BLDR a Buy, Before Earnings?
- Builders FirstSource initiated with a Buy at Texas Capital