DA Davidson analyst Kurt Yinger lowered the firm’s price target on TopBuild (BLD) to $395 from $435 but keeps a Buy rating on the shares. The company reported a modestly better than expected Q1 and reiterated full-year guide, lending confidence to what will remain a relatively stable performance even in a choppy residential backdrop, the analyst tells investors in a research note. The firm adds however that its reduced price target is reflecting greater uncertainty around the NT trajectory of underlying residential demand.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLD:
- TopBuild price target lowered to $360 from $370 at Loop Capital
- TopBuild price target lowered to $320 from $340 at Stephens
- TopBuild’s Strategic Positioning and Growth Potential Drive Buy Rating
- TopBuild Corp. Reports Q1 2025 Results Amid Sales Decline
- TopBuild Corp’s Earnings Call: Growth Amid Challenges