2020-11-05 07:56:00 BMCH BMC Stock Holdings
Builders FirstSource
11/05/20 11/0507:56 11/05/2007:56 | BMC Stock Holdings price target raised to $52 from $33 at TruistTruist analyst Keith Hughes raised the firm's price target on BMC Stock Holdings (BMCH) to $52 from $33 and keeps a Buy rating on the shares. The analyst is citing the company's outperformance on Q3 sales and EBITDA, while noting that its gross margin declines were also less than he had anticipated despite the "historically high" lumber costs. Hughes adds that BMC's proposed merger with Builders FirstSource (BLDR) remains on track as he applies the proposed fixed change ratio to deive his new price target. BMC Stock Holdings
Builders FirstSource
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