Royal Bank Cuts Price Target for Builders FirstSource Amid Weaker Earnings

Royal Bank Of Canada has reduced its price target for Builders FirstSource (NYSE:BLDR) from $107.00 to $88.00 in a research note issued on Friday.

The firm presently has an 'outperform' rating on the stock, suggesting a potential upside of 33.45% from the stock's previous close.

Other analysts have also weighed in on Builders FirstSource, with Benchmark lowering their target price to $100.00 and Wells Fargo & Company reducing its price target to $65.00.

The company reported second-quarter EPS of $1.17, below the $1.25 consensus, while revenue of $3.86 billion missed estimates of $3.91 billion.