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RBC Capital ups Installed Building Products price target, says fade the rally

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 following a “solid” Q2 beat. The firm views the rally of the stock as overbaked with valuation at an all-time high and the prospect of FY26 being down year-over-year.

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