Builders FirstSource Is Maintained At Neutral With $4 Target By Baird (BLDR)

Analyst David J. Manthey, CFA at Robert W. Baird & Co is maintaining his $4 price target on shares of Builders FirstSource, Inc. (Nasdaq: BLDR). Shares of the company closed at $3.01 per share after Friday's trading session.

Mr. Manthey notes, "We remain firmly on the sidelines due to severe cross-currents (dilution, competitive landscape, demand picture) despite a stabilizing housing market as we believe it may be several years before fundamentals will support breakeven profitability. While the recent recapitalization alleviates concerns of BLDR as a going concern, we do not believe BLDR will outperform the market over the next 12 months."

After analyzing the analyst's comments we feel there may be a lot of volatility within the stock's trading over the next year due to so many uncertainties weighing on the emotions of investors. If you plan on trading it expect some emotions rips and dips!