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Installed Building Products price target raised to $184 from $145 at RBC Capital

RBC Capital raised the firm’s price target on Installed Building Products (IBP) to $184 from $145 and keeps an Underperform rating on the shares. The company saw a “solid beat” with its Q2 results, though the firm continues to expect sharply worsening lagged single-family declines to more meaningfully impact Installed Building Products, even giving credit for outgrowth and heavy commercial strength, the analyst tells investors in a research note.

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