Wells Fargo initiated coverage of Builders FirstSource (BLDR) with an Equal Weight rating and $115 price target The firm notes Builders FirstSource is the largest product/component distributor in new build. This presents investors with the best of both worlds, namely leverage to potential start recovery, but without all the builder baggage. With that said, Wells says that near-term start volatility and margin risk should builders seek out additional savings keep the firm sidelined for now.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLDR:
- Cautious Hold Rating for Builders Firstsource Amid Market Volatility and Margin Risks
- Builders FirstSource price target lowered to $124 from $128 at Stifel
- Builders FirstSource price target lowered to $115 from $125 at DA Davidson
- Builders FirstSource Navigates Earnings Amid Market Challenges
- Builders FirstSource price target lowered to $138 from $146 at Jefferies