Bank of America Securities Starts IBP Coverage With Buy Rating, $225 Target
Photo: TokenPost
Installed Building Products, Inc. (IBP), an insulation installer, received a Buy rating and a $225 price target when Bank of America Securities opened coverage Oct. 26. The bank highlighted IBP’s profit margins, commercial business and potential acquisitions as reasons for the rating. Its view came amid a sluggish U.S. housing market.
Source: TokenPost
