UPDATE: RBC Capital Markets Upgrades Installed Building Products Inc. to Outperform, Raises PT on Improved Financial Outlook

Loading...
Loading...
In a report published Thursday, RBC Capital Markets analyst Robert Wetenhall upgraded the rating on
Installed Building Products Inc.IBP
from Sector Perform to Outperform, and raised the price target from $19.00 to $22.00. In the report, RBC Capital Markets noted, "We are upgrading our rating to Outperform and raising our price target to $22 (+17%). Our upgrade is driven by a markedly improved financial outlook in response to strong underlying demand trends in the housing market and favorable pricing dynamics. Strong volume growth, favorable pricing trends, and a robust acquisition pipeline represent potential catalysts for achieving our price target of $22." Installed Building Products Inc. closed on Wednesday at $18.73.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorUpgradesAnalyst RatingsRBC Capital MarketsRobert Wetenhall
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...