Builders FirstSource price target lowered to $137 from $151 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on Builders FirstSource (BLDR) to $137 from $151 and keeps an Overweight rating on the shares. The firm says that against a “well-understood softening backdrop,” Builders’ stabilizing market share is a good sign, and managing margin versus share should leave the company in position to outperform with any steadying in the market. The stock’s valuation is increasingly attractive, the analyst tells investors in a research note.