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Fly News Breaks for February 28, 2018
BLD
Feb 28, 2018 | 09:27 EDT
SunTrust analyst Keith Hughes raised his price target on TopBuild to $82, saying the company exceeded its Q4 expectations despite some margin drag in their distribution unit. Hughes notes that continued backlog of home construction and limited labor have smoothed the project work for all installers. The analyst also keeps his Buy rating, stating that while higher interest rates have raised concerns among analysts about home buying activity, he does not believe that the current level of rates will "significantly" reduce demand.
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