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Fly News Breaks for February 26, 2020
BLD
Feb 26, 2020 | 07:21 EDT
KeyBanc analyst Kenneth Zener raised his price target for TopBuild to $131 from $120 following Q4 results that capped a "solid" year, with fiscal year 2020 poised to benefit from growth in new housing and ongoing commercial gains. The analyst recognizes valuation pressure near term, but thinks TopBuild's business model, including Commercial share gains and its low capital intensity, warrant a modest premium to sector peers. He has an Overweight rating on the shares.
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