DA Davidson downgraded Installed Building Products (IBP) to Neutral from Buy with a price target of $252, up from $225. IBP delivered “the most impressive 2Q25 results across our building products/distribution coverage universe,” but the 20% move higher in the stock since the report leaves what the firm sees as “a full absolute and relative valuation,” the analyst tells investors. While the firm forecasts volume outperformance in the second half, it expects increasing single-family challenges and believes shifting sentiment serves as “a far greater risk than opportunity” in the near-term in terms of valuation, the analyst added.
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Read More on IBP:
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- Installed Building Products price target raised to $184 from $145 at RBC Capital
- Installed Building Products upgraded to Neutral from Underperform at Zelman
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