Builders FirstSource (BLDR) PT Lowered to $96 at Jefferies

Jefferies analyst Collin Verron lowered the price target on Builders FirstSource (NYSE: BLDR) to $96.00 (from $102.00) while maintaining a Buy rating.

The analyst commented, "After another strong quarter and a strong start to 2022, BLDR believes that the housing market still has legs and that it can continue to drive base business EBITDA % margin expansion with sales leverage, synergies, and productivity improvement initiatives. With the stock trading at ~7x our 2022E base business EBITDA, BLDR generating robust free cash flow, and mgmt aggressively repurchasing shares, we continue to believe the stock is undervalued."

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