BUZZ-UBS cuts Builders FirstSource's PT amid higher mortgage rates

Reuters01-07
BUZZ-UBS cuts <a href="https://laohu8.com/S/BLDR">Builders FirstSource</a>'s PT amid higher mortgage rates

** UBS cuts PT on building products and services supplier Builders FirstSource BLDR.N to $143 from $166, maintains "buy" rating

** New PT represents a 31.9% upside to stock's last close

** Brokerage expects new construction segment, which accounts for 82% of BLDR sales, to grow only 1% in 2026 and 3% in 2027

** "Higher mortgage rates and elevated home prices have created affordability challenges for many potential homebuyers across the nation" - UBS

** 11 of 24 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; median PT is $136 - data compiled by LSEG

** As of last close, BLDR stock down 24.7% over the past year

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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