Benchmark trimmed its price target for Builders FirstSource (NYSE:BLDR) from $142 to $138, while maintaining a “buy” rating, indicating a potential 22.08% upside. The company recently missed quarterly earnings and revenue estimates, reporting $1.12 EPS against an expected $1.30 and $3.36 billion in revenue, a 12.1% year-over-year decrease. Across analysts, BLDR holds a consensus “Hold” rating with an average target price of $131.57.
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Benchmark Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price
Benchmark trimmed its price target for Builders FirstSource (NYSE:BLDR) from $142 to $138, while maintaining a “buy” rating, indicating a potential 22.08% upside. The company recently missed quarterly earnings and revenue estimates, reporting $1.12 EPS against an expected $1.30 and $3.36 billion in revenue, a 12.1% year-over-year decrease. Across analysts, BLDR holds a consensus “Hold” rating with an average target price of $131.57.