Builders FirstSource cut to Neutral at B. Riley on softer lumber prices (NYSE:BLDR)

Industry News

Foryou13/iStock via Getty Images B. Riley analyst Alex Rygiel has downgraded Builders FirstSource (NYSE:BLDR) to Neutral from Buy as lumber prices fall from historically high levels in a backdrop of demand uncertainty, according to a note written to clients Wednesday. Lumber futures (LB1:COM) are sinking nearly 40% M/M and -20% YTD, recently changing hands at…

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