Builders FirstSource price target lowered to $151 from $165 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on Builders FirstSource (BLDR) to $151 from $165 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the homebuilding and building products group. The firm reduced housing starts assumptions and cut homebuilder and building products estimates. It expects guidance cuts, saying a “choppier” macro environment will weigh across end markets. Tariff uncertainty adds further risk to margin guides, especially for select products names, the analyst tells investors in a research note.