Goldman Sachs Upgrades Installed Building Prods: Here's What You Need To Know

Goldman Sachs upgraded its rating of Installed Building Prods IBP to Buy with a price target of $178.00, changing its price target from $146.00 to $178.00.

Shares of Installed Building Prods are trading up 0.0% over the last 24 hours, at $137.42 per share.

A move to $178.00 would account for a 29.53% increase from the current share price.

About Installed Building Prods

Installed Building Products Inc is an insulation installer serving the residential new construction market and are also a diversified installer of complementary building products, including waterproofing, fire-stopping and fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors and other products throughout the United States. The company installs fiberglass insulation, spray foam insulation, and cellulose insulation. The company has three operating segments consisting of Installation, Manufacturing and Distribution operations. Majority of revenue is generated from Installation segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.