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.
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Read More on BLD:
- TopBuild price target lowered to $360 from $370 at Loop Capital
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- 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
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