Builders FirstSource Inc logo

BLDR - Builders FirstSource Inc News Story

$20.66 -1.6  -7.3%

Last Trade - 28/05/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £2.12bn
Enterprise Value £3.27bn
Revenue £6.07bn
Position in Universe 1528th / 6361

BUZZ-Builders FirstSource: RBC upgrades, hikes PT

Mon 24th February, 2020 9:43am
** RBC Capital Markets upgrades supplier and manufacturer of
building materials  BLDR.O  to "outperform" from "sector
perform"
    ** Says BLDR's Q1 results showcased "solid outlook"; says
the sell off of shares following results creates "attractive
risk/reward" opportunity  urn:newsml:reuters.com:*:nASA00EGI
    ** BLDR's continued investment in value-added growth and
investment for capacity expansion should help company mitigate
certain margin headwinds - RBC
    ** RBC also ups stock PT to $31 from $26, matching its
median PT, as per Refinitiv data
    ** Brokerages bullish on stock with 9 of 12 rating it "buy"
or higher and 3 "hold" 
    ** Up to Friday's close, stock up ~5% this year

 (Reporting by Aakash Jagadeesh Babu in Bengaluru)
 ((Aakash.B@thomsonreuters.com; within the U.S. +16462238780,
outside the U.S. +91  80 67491576; Twitter: @JagadeeshAakash;))
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