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TopBuild price target raised to $398 from $344 at JPMorgan

JPMorgan raised the firm’s price target on TopBuild (BLD) to $398 from $344 and keeps an Overweight rating on the shares after the company acquired Progressive Roofing. The firm views the acquisition positively, saying it represents a new growth opportunity for TopBuild in a “large, less cyclical and highly fragmented market.”

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