DA Davidson raised the firm’s price target on Installed Building Products (IBP) to $270 from $252 but keeps a Neutral rating on the shares. The firm notes the stock’s fairly significant relative outperformance vs. building product and distribution peers since the company reported Q4 results, the analyst tells investors in a research note. RBC adds however that while the stock’s premium valuation is justified, it is also likely a limiting factor to more substantive upside.
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