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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.