DA Davidson Reiterates Buy Rating on TopBuild Corp (BLD) as Long-Term Targets as Expected

DA Davidson analyst Kurt Yinger reiterated a Buy rating and $485.00 price target on TopBuild Corp (NYSE: BLD).

The analyst commented, "Earlier today, we attended TopBuild's Investor Day in New York City, which included presentations by a number of senior management members. New five-year financial targets were met with a lukewarm reception, but in our view, were largely as expected, seem to lean conservative, and nonetheless point to a still attractive overall top- and bottom-line growth algorithm. Other highlights included details around the advantages of the TopBuild platform and the Progressive Roofing platform. Exiting the event, we maintain our BUY rating."

For an analyst ratings summary and ratings history on TopBuild Corp click here. For more ratings news on TopBuild Corp click here.

Shares of TopBuild Corp closed at $419.17 yesterday.

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