BMO Capital Markets Has Lowered Expectations for Builders FirstSource (NYSE:BLDR) Stock Price

BMO Capital Markets has reduced its price target for Builders FirstSource (NYSE:BLDR) from $93 to $85, while maintaining a "market perform" rating. This adjustment comes amidst mixed analyst sentiment and the company missing its quarterly EPS estimates, though its revenue surpassed expectations. Builders FirstSource's board has also authorized a $500 million share repurchase program, indicating management's belief that the stock may be undervalued.