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Fly News Breaks for February 26, 2020
BLD
Feb 26, 2020 | 08:58 EDT
SunTrust analyst Keith Hughes raised his price target on TopBuild to $115 after its Q4 earnings beat, even though the stock price declined on in-line 2020 guidance and worries that housing starts are not as robust as the management's implied outlook. The analyst is keeping his Hold rating on the stock and plans to wait for better valuation, though he still sees the 2020 housing industry remaining favorable with the company's pricing trends also showing some traction.
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