RBC Capital downgrades Builders FirstSource and cuts price target to $62
RBC Capital lowered Builders FirstSource’s rating from Outperform to Sector Perform on October 7, 2026. The broker reduced its price target to $62, down from $88, citing weaker volume and margin pressure. RBC also trimmed its fiscal 2026 EBITDA estimate to $1.06 billion and its fiscal 2027 estimate to $1.06 billion, and cut the fourth‑quarter EBITDA forecast by 12% to $208 million. The downgrade coincided with the stock trading around $56.22, near its 52‑week low of $54.75.
Why it matters
RBC’s lower price target suggests a reduced valuation for the company, which may pressure the share price further. The revised EBITDA forecasts indicate weaker earnings outlook, potentially affecting investors’ earnings expectations.
Key facts
- 1RBC Capital downgraded Builders FirstSource to Sector Perform from Outperform on October 7, 2026. investing.com
- 2RBC lowered the price target to $62 from $88. investing.com
- 3The stock was trading at $56.22, near its 52‑week low of $54.75. investing.com
- 4RBC cut the fiscal 2026 EBITDA estimate to $1.06 billion from $1.08 billion. investing.com
- 5RBC cut the fiscal 2027 EBITDA estimate to $1.06 billion from $1.25 billion. investing.com
- 6RBC lowered the fourth‑quarter EBITDA estimate by 12% to $208 million. investing.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.