Installed Building Products (NYSE:IBP) Upgraded to “Buy” by Zacks Investment Research

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    Installed Building Products (NYSE:IBP) Upgraded to “Buy” by Zacks Investment Research

    Garage Door Opens By Itself

    Installed Building Products (NYSE:IBP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage currently has a $135.00 price objective on the construction company’s stock. Zacks Investment Research’s price target would indicate a potential upside of 15.84% from the company’s previous close.

    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 have also recently issued reports on IBP. JPMorgan Chase & Co. began coverage on shares of Installed Building Products in a research note on Wednesday, February 10th. They issued an “overweight” rating and a $140.00 price objective for the company. Evercore ISI reissued an “in-line” rating and issued a $130.00 price objective on shares of Installed Building Products in a research note on Monday. BTIG Research increased their price objective on shares of Installed Building Products from $146.00 to $158.00 and gave the stock a “buy” rating in a research note on Wednesday, April 14th. KeyCorp raised their target price on…

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