Installed Building Products price target raised to $265 from $240 at Evercore ISI

Evercore ISI raised the firm’s price target on Installed Building Products (IBP) to $265 from $240 and keeps an In Line rating on the shares. The company delivered a solid Q3 performance, surpassing EPS expectations and demonstrating resilience in a challenging market, the analyst tells investors in a research note. The firm added that sales were in-line, while bottom-line results outperformed due to strength in commercial growth and effective execution across various markets.