Loop Capital raised the firm’s price target on TopBuild (BLD) to $400 from $360 and keeps a Buy rating on the shares. The company’s acquisition of Progressive Roofing gives it a new growth platform over the coming years, and the firm is positive on the deal for multiple reasons, including TopBuild gaining a scalable growth platform with an attractive margin profile in the highly fragmented commercial roofing installation industry, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLD:
- TopBuild’s Strategic Acquisition of Progressive Roofing: A Promising Growth Trajectory with Buy Rating
- TopBuild price target raised to $398 from $344 at JPMorgan
- TopBuild’s Strategic Expansion and Financial Strength Drive Buy Rating
- TopBuild price target raised to $400 from $320 at BofA
- TopBuild’s Strategic Acquisition of Progressive Roofing: A Buy Rating for Growth and Diversification