UPDATE: BTIG Starts Builders FirstSource (BLDR) at Buy

(update comment)

BTIG analyst Ryan Gilbert initiates coverage on Builders FirstSource (NASDAQ: BLDR) with a Buy rating and a price target of $31.00.

The analyst comments "We believe BLDR is on the leading edge of the trend toward more structural components and other off-site solutions. BLDR’s capital allocation prioritizes investments in additional structural component capacity. We believe BLDR’s investments will produce outsized revenue and margin growth in 2020 and 2021, which consensus underestimates."

For an analyst ratings summary and ratings history on Builders FirstSource click here. For more ratings news on Builders FirstSource click here.

Shares of Builders FirstSource closed at $25.92 yesterday.

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