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.
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