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Analysts Offer Insights on Industrial Goods Companies: Builders Firstsource (BLDR) and Xos (XOS)

Tipranks - Fri Jun 5, 9:32AM CDT

Analysts fell to the sidelines weighing in on Builders Firstsource (BLDR) and Xos (XOS) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Builders Firstsource (BLDR)

In a report released today, Sam Reid from Wells Fargo maintained a Hold rating on Builders Firstsource, with a price target of $85.00. The company’s shares closed last Thursday at $75.74.

According to TipRanks.com, Reid is a 3-star analyst with an average return of 3.5% and a 51.1% success rate. Reid covers the Industrial Goods sector, focusing on stocks such as Stanley Black & Decker, CSW Industrials, and Owens Corning. ;'>

Currently, the analyst consensus on Builders Firstsource is a Moderate Buy with an average price target of $100.19, representing a 33.5% upside. In a report issued on May 23, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $75.00 price target.

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Xos (XOS)

In a report released today, Ted Jackson from Northland Securities maintained a Hold rating on Xos. The company’s shares closed last Thursday at $4.78.

According to TipRanks.com, Jackson is a 5-star analyst with an average return of 41.5% and a 59.4% success rate. Jackson covers the Industrial Goods sector, focusing on stocks such as Hyster-Yale Materials Handling, Mayville Engineering Company, and Amprius Technologies Inc. ;'>

Xos has an analyst consensus of Moderate Buy, with a price target consensus of $4.00, representing a -28.7% downside. In a report released today, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $7.50 price target.

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