BMO Capital analyst Ketan Mamtora lowered the firm’s price target on Builders FirstSource (BLDR) to $135 from $146 and keeps a Market Perform rating on the shares. The near-term backdrop for the company is getting tougher, with weaker-than-expected new single-family housing demand leading to more price competition and margin pressure, along with the ongoing margin normalization in multi-family housing, the analyst tells investors in a research note.
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