Raymond James lowered the firm’s price target on Builders FirstSource (BLDR) to $100 from $140 and keeps an Outperform rating on the shares. Sales and margin recovery is expected to remain back-half weighted with softer near-term guidance, but the long-term outlook stays constructive given its scale and valuation support from recent industry transactions despite still-muted end-market conditions, the analyst tells investors in a research note.
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