UPDATE: Williams Financial Group Initiates Builders FirstSource at Buy on Housing Outlook

Williams Financial Group initiated coverage on Builders FirstSource

with a Buy rating and $6.50 price target. Williams Financial Group noted, "We are initiating coverage of BLDR with a Buy rating and a $6.50 price target. In our view, the company's core growth potential, driven primarily through substantially improving housing dynamics, and meaningful market share gains, should provide long-term revenue growth opportunities." Builders FirstSource closed at $5.24 on Thursday.