Installed Building Products (NYSE:IBP) Raised to “Buy” at Zacks Investment Research

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    Installed Building Products (NYSE:IBP) Raised to “Buy” at Zacks Investment Research

    Installed Building Products (NYSE:IBP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. The brokerage presently has a $131.00 price objective on the construction company’s stock. Zacks Investment Research’s target price points to a potential upside of 16.31% from the company’s current price.

    According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “

    A number of other analysts also recently issued reports on the company. Truist lifted their price objective on Installed Building Products from $130.00 to $144.00 in a research note on Monday, May 10th. Evercore ISI restated an “in-line” rating and set a $130.00 target price on shares of Installed Building Products in a research report on Monday, May 17th. Truist Securities boosted their price objective on Installed Building Products from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Monday, May 10th. Finally, BTIG Research lifted their target price on Installed Building Products from…

    Read more at www.marketbeat.com

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