Builders FirstSource price target lowered to $111 from $115 at DA Davidson

DA Davidson lowered the firm’s price target on Builders FirstSource (BLDR) to $111 from $115 and keeps a Neutral rating on the shares. The firm is updating its model to reflect the recent commodity price changes and updated go-forward assumptions, as well as further diligence around the 2026 outlook framework and recent new residential construction data, the analyst tells investors in a research note. The ability to pass-through rising lumber prices in still tepid single-family starts environment is an important dynamic to monitor, the firm added.