Builders FirstSource price target lowered to $124 from $136 at Barclays

Barclays lowered the firm’s price target on Builders FirstSource (BLDR) to $124 from $136 and keeps an Overweight rating on the shares. The company’s 2026 guidance is second half-weighted and Barclays is generally cautious on the new residential end market outlook, the analyst tells investors in a research note. However, the firm believes Builders’ gross margin “resilience and cost control should prevail.”