Benchmark lowered the firm’s price target on Builders FirstSource (BLDR) to $138 from $170 and keeps a Buy rating on the shares. Builders reported “solid” Q1 results, but a lackluster macro backdrop and persistently competitive pricing environment weighed on both results and the company’s revised FY25 guidance, the analyst tells investors. Following the report, the firm’s EPS estimates were lowered for FY25 and FY26 to $8.50 and $9.25, respectively, the analyst noted.
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