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Bank of America Securities Starts IBP Coverage With Buy Rating, $225 Target
The bank pointed to IBP’s margins, commercial business and acquisition potential amid a sluggish U.S. housing market.

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.