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Fly News Breaks for February 5, 2020
BLDR
Feb 5, 2020 | 07:42 EDT
As previously reported, Benchmark analyst Reuben Garner initiated coverage of Builders FirstSource with a Hold rating. Builders is one of the most exposed names he covers to new single-family construction, which Garner notes is his favorite end market, but its valuation is near the highest levels in the last four years and he thinks "the market could erroneously view any volume growth below starts growth as under-performance or share loss" and provide a better entry point.
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