Shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Free Report) dropped 4% on Tuesday after Wedbush lowered their price target on the stock from $215.00 to $175.00. Wedbush currently has an outperform rating on the stock. Builders FirstSource traded as low as $136.35 and last traded at $136.59. Approximately 384,302 shares changed hands during trading, a decline of 75% from the average daily volume of 1,535,307 shares. The stock had previously closed at $142.22.
Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Barclays decreased their target price on shares of Builders FirstSource from $240.00 to…
