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Builders FirstSource price target lowered to $145 from $160 at Stephens

Stephens lowered the firm’s price target on Builders FirstSource (BLDR) to $145 from $160 and keeps an Overweight rating on the shares. The firm expects soft demand conditions and margin pressure to continue in Q1 and through calendar year 2025, the analyst tells investors in a preview. While weaker than expected housing activity and a more competitive pricing environment is likely to continue through 2025, the firm believes margins should stay above historical levels until demand finds its footing, the analyst added.

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