TopBuild price target raised to $370 from $310 at Truist

Truist raised the firm’s price target on TopBuild (BLD) to $370 from $310 and keeps a Hold rating on the shares. The company’s Q2 results are better than expected and the recently closed roofing acquisition helps keep estimates from falling substantially, the analyst tells investors in a research note. The firm cites the stock’s valuation and single family weakness for the Hold rating.