Jefferies Financial Group Issues Pessimistic Forecast for Builders FirstSource (NYSE:BLDR) Stock Price

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Jefferies Financial Group has issued a pessimistic forecast for Builders FirstSource (NYSE:BLDR), cutting its price target from $112 to $110 and maintaining a “hold” rating. This implies a minimal upside of 0.95% from the current stock price, following several other analysts who have also trimmed their targets. The outlook comes after Builders FirstSource missed analyst expectations for its most recent quarterly earnings and revenue, with revenue declining 12.1% year-over-year.

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