BUZZ-Stifel resumes coverage on Builders FirstSource with 'buy' rating
ReutersJan 8, 2025 1:32 PM
** Brokerage Stifel resumes coverage on Builders FirstSource BLDR.N with "buy" rating; price target $175
** Stifel says "BLDR is positioned to profitably capitalize on residential construction"
** Brokerage expects company to achieve medium-term, high single-digit core organic growth, driven by housing undersupply
** The new PT is a 22.1% upside to the stock's last close
** Fourteen of 18 brokerages rate the stock "buy" or "higher", 4 "hold"; median PT $215.50 - data compiled by LSEG
** Stock lost ~14% in 2024
(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.Chaudhary@thomsonreuters.com))
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