Builders FirstSource price target lowered to $170 from $200 at Benchmark

Benchmark analyst Reuben Garner lowered the firm’s price target on Builders FirstSource (BLDR) to $170 from $200 and keeps a Buy rating on the shares. While the firm remains confident in the company and its positioning for long term outperformance, updated guidance and a growing consensus around the FY25 end market outlook leads it to lower EPS estimates, including to $10.50 for this year from $12.00, the analyst tells investors.