Builders FirstSource (BLDR) PT Raised to $68 at RBC Capital Following Earnings

May 6, 2021 1:26 PM EDT
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Price: $43.86 +2.76%

Rating Summary:
    18 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 7 | New: 31
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RBC Capital analyst Mike Dahl raised the price target on Builders FirstSource (NASDAQ: BLDR) to $68.00 (from $62.00) while maintaining an Outperform rating.

The analyst commented, "We raise our FY'21/FY’22 Adj. EBITDA ests. by +16%/+9% to $1.98 BN/$1.58 BN with FY’21 above mgmt.’s $1.75-$1.85 BN guide as we continue to see meaningful upside to mgmt.’s inflation guide, with our new ests. still being conservative in our view."

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