StoneX Keeps Builders FirstSource at Buy, Cuts Target to $75
StoneX kept its Buy rating on Builders FirstSource shares and lowered its price target to $75 from $85 per share, according to Dow Jones Newswires.
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what happened
According to Dow Jones Newswires, citing Benzinga, StoneX maintained its Buy rating on Builders FirstSource (BLDR) but reduced its price target to $75 per share from $85.
On the same day, Truist Securities also kept its Buy rating and raised its price target to $75 per share from $70. As a result, the two firms ended up at the same target level, even though they reached it from different starting points.
why it matters
Analyst rating updates like these appear regularly and usually have only a limited effect on the stock. For investors, they offer a sense of how professional analysts view the company's outlook amid conditions in the US building materials market.
tags
instruments
sources
- Builders FirstSource Is Maintained at Buy by StoneX — Dow Jones Newswires, 30 October 2026 at 13:52 UTC
- Builders FirstSource Is Maintained at Buy by Truist Securities — Dow Jones Newswires, 30 October 2026 at 15:43 UTC
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