Loop Capital lowered the firm’s price target on Installed Building Products (IBP) to $200 from $210 and keeps a Buy rating on the shares. The company reported a modest Q1 miss and reduced outlook on more conservative residential demand expectations, the analyst tells investors in a research note. Installed Building Products’ installation price/mix was better-than-expected though as fiberglass pricing benefited from carryover of last years mid-year price increases and a sequential improvement in spray foam pricing, the firm added.
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Read More on IBP:
- Installed Building Products price target lowered to $145 from $157 at RBC Capital
- Installed Building Products Reports Q1 2025 Earnings
- Installed Building Products’ Earnings Call: Mixed Sentiment and Strategic Growth
- Installed Building Products Acquires Pro Foamers, Inc.
- Installed Building Products reports Q1 EPS $2.08, consensus $2.20
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