TopBuild price target lowered to $390 from $405 at Loop Capital

Loop Capital lowered the firm’s price target on TopBuild (BLD) to $390 from $405 and keeps a Buy rating on the shares. The company reported a modest Q4 earnings beat but introduced lighter FY25 guidance, which was largely anticipated due to reduced residential demand expectations going into the quarter, the analyst tells investors in a research note. Despite guidance coming in below consensus, the stock reacted positively post earnings due to reduced residential demand expectations going into the quarter from uncertainty related to affordability challenges, tariffs and ongoing multi-family headwinds, the firm adds.