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Fly News Breaks for January 10, 2019
BLDR
Jan 10, 2019 | 07:47 EDT
As reported earlier, DA Davidson analyst Kurt Yinger downgraded Builders FirstSource Neutral from Buy and lowered his price target to $14 from $20. The analyst notes that the "summer slowdown in housing" has morphed from a "speed bump" to "something that looks to have begun impacting the starts rate for builders", warning that further recovery beyond the recent bounce should be muted. Yinger cites the lingering "uncertainty around 2019 volumes, difficult lumber comps in the first half of next year, and negative estimate revisions" as headwinds for the stock..
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