Builders FirstSource price target lowered to $115 from $145 at Truist

Truist lowered the firm’s price target on Builders FirstSource (BLDR) to $115 from $145 and keeps a Buy rating on the shares after its Q1 earnings miss. Results were about as expected on the reduction in 2026 guidance range and the firm believes the outlook for second-half improvements in revenues drove the stock lower as investors continue to search for a bottom in the housing decline, the analyst tells investors in a research note.