Zacks Research Downgrades Builders FirstSource (NYSE:BLDR) to Strong Sell

Zacks Research has downgraded Builders FirstSource (NYSE:BLDR) to a “strong sell” rating after the company missed its Q4 earnings and revenue expectations. BLDR reported $1.12 EPS against an anticipated $1.30 and $3.36 billion in revenue versus $3.46 billion expected, with revenue down 12.1% year-over-year due to declining volumes and cost pressures. Despite mixed analyst views and high institutional ownership, the consensus rating remains “Hold” with an average price target of $129.02.

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