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Fly News Breaks for February 24, 2020
BLDR
Feb 24, 2020 | 06:31 EDT
RBC Capital analyst Mike Dahl upgraded Builders FirstSource to Outperform from Sector Perform with a price target of $31, up from $26. The analyst believes that the selloff following an otherwise "solid outlook" has created an attractive risk/reward opportunity in the shares by taking a "sufficient froth" out of expectations. Dahl adds that he is positive on the company's solid volumes, continued expansion of value-add products, higher lumber prices, and increased balance sheet optionality driving its upside.
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