Wedbush analyst Jay McCanless notes that JLL Building Holdings is attempting to sell 13.5M of its' Builders FirstSource common shares in a secondary offering and plans to distribute another 862.4k shares to its general partner and certain limited partners in JLL Building. The analyst does not see an impact to Builders FirstSource's earnings, and says it is his favored name for the recovery trade. Further, he says JLL Building's sale/distribution reduces the risk of additional private equity share sales, and would buy Builders FirstSource on any weakness due to the secondary offering. He reiterates an Outperform rating and $20 price target on Builders FirstSource's shares.