Builders FirstSource Stock Drops After Jefferies Downgrade

Builders FirstSource stock drops by nearly four percent following Jefferies downgrade from buy to hold and a significant reduction in price target. The companys shares have been volatile, with todays drop indicating market concern but not a fundamental change in business view. Job data revisions show fewer jobs in leisure, hospitality, professional services, and retail sectors, fueling investor anxiety. Builders FirstSource is down over twenty-six percent this year, currently trading at around one hundred four dollars and fifty-one cents per share.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.