TopBuild price target raised to $485 from $465 at DA Davidson

DA Davidson analyst Kurt Yinger raised the firm’s price target on TopBuild (BLD) to $485 from $465 and keeps a Buy rating on the shares. The company’s Q3 results were in-line with expectations and the full-year organic outlook was largely affirmed, with guidance lifted to account for acquisitions, the analyst tells investors in a research note. Residential volume pressures remain, though price/cost headwinds remain manageable, the firm added.