Royal Bank Of Canada Upgrades Builders FirstSource (NYSE:BLDR) to "Outperform"

Royal Bank of Canada has upgraded Builders FirstSource (NYSE:BLDR) from “sector perform” to “outperform,” setting a new price target of $119, indicating a potential 21% upside. This upgrade comes despite recent quarterly results that missed analyst expectations for both EPS and revenue. Analyst sentiment for BLDR remains mixed, with a consensus “Hold” rating and an average price target of $127.81 from various firms.