Builders FirstSource (BLDR) PT Lowered to $118 at Stifel

Stifel analyst Andrew Carter lowered the price target on Builders FirstSource (NYSE: BLDR) to $118.00 (from $125.00) while maintaining a Hold rating.

The analyst commented, "Follow ing1Q25 earnings, we continue with our Hold rating for BLDR shares reducing our target price based on updated outlook. We believe the guidance reduction accompanied by the softer 2Q25 outlook was as bad as feared with the updated lacking the certainty to assuage ongoing risk around a negative revision cycle. The volume outlook remains soft and though competitive activity burdening margins is likely not sustainable, it remains a reality of the current environment. We will be watchful of signs of an improving environment, but our updated FY25E outlook just below the mid-point of updated guidance requires a meaningful second half improvement giving way to a fulsome inflection to achieve our FY26E-F27E, We remain enamored with the long-term prospects and will be nimble with our approach, but we believe the uncertainty supports a neutral approach, for now."

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