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Builders FirstSource price target lowered to $140 from $170 at Raymond James

Raymond James lowered the firm’s price target on Builders FirstSource (BLDR) to $140 from $170 and keeps an Outperform rating on the shares. Activity in single-family and multi-family construction has remained under pressure as housing starts have struggled amid a high rate environment with builders looking to address affordability issues, the analyst tells investors in a research note.

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