Truist raised the firm’s price target on TopBuild (BLD) to $390 from $370 and keeps a Hold rating on the shares. The company’s deal for Specialty Products moves it further into industrial insulation distribution and fabrication, the analyst tells investors in a research note. Coupled with the recent commercial roofing installation deal, TopBuild is now 47% non-residential, which changes its future cyclicity, the firm added.
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