Builders FirstSource price target raised to $136 from $123 at Barclays

Barclays raised the firm’s price target on Builders FirstSource (BLDR) to $136 from $123 and keeps an Overweight rating on the shares. The firm adjusted targets in the homebuilding and building products group as part of a Q4 earnings preview. The builders could see ongoing margin pressure amid “choppy” demand and elevated inventory, with government policy “driving potential negatives and positives together,” the analyst tells investors in a research note. Barclays remains selective on building products into the Q4 reports.