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Fly News Breaks for April 14, 2015
BLDR
Apr 14, 2015 | 07:05 EDT
As noted earlier, Stifel upgraded Builders FirstSource to Buy from Hold. The firm estimates that the company's planned acquisition of building products distributor ProBuild increases its EBITDA potential to as much as $500M in 2017 from the current $120M range. The firm says the transaction is positive, assuming that $100M+ of cost savings are generated and housing construction activity increases. Target $20.
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