1055 ET - TopBuild's $810 million deal to buy Progressive Roofing earns the building-materials company big price-target boosts at Bank of America and JPMorgan. BofA says the deal gives TopBuild a platform to reaccelerate M&A in the fragmented commercial roofing installation market, while JPMorgan says it represents a solid new growth avenue. BofA maintains its buy rating on TopBuild shares and raises its price target to $400 from $320. JPMorgan, with an overweight rating on the stock, boosts its price target to $398 from $344. TopBuild up 2.9% to $367.25. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
July 09, 2025 10:55 ET (14:55 GMT)
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