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Builders FirstSource price target lowered to $150 from $155 at Oppenheimer

Oppenheimer analyst Tyler Batory lowered the firm’s price target on Builders FirstSource (BLDR) to $150 from $155 and keeps an Outperform rating on the shares. The firm is updating its estimates to reflect Q2 earnings and guidance. While the weak single-family starts environment remains a clear headwind, Oppenheimer believes it obscures what has been solid execution.

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