Beacon Roofing Supply (BECN) Downgraded to Hold at BidaskClub

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BidaskClub downgraded shares of Beacon Roofing Supply (NASDAQ:BECN) from a buy rating to a hold rating in a report issued on Friday, BidAskClub reports. Other equities research analysts also recently issued research reports about the company. Raymond James set a $45.00 price target on Beacon Roofing Supply and gave the stock a buy rating in [.]

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Beacon Roofing Supply (NASDAQ:BECN) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued on Wednesday. According to Zacks, "Higher contribution from the Allied Building Products acquisition and successful price increases associated with a solid demand environment are expected to support Beacon Roofing’s growth.

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Wells Fargo analyst Truman Patterson maintained a Hold rating on Beacon Roofing Supply (BECN) today. The company’s shares opened today at $39.[.] May. 8, 2019 at 1:49 p.m. ET

Jefferies analyst Philip Ng reiterated a Hold rating on Beacon Roofing Supply (NASDAQ: BECN) today and set a price target of $40. The company’s shares opened today at $37.61, close to its 52-week low of $35.41. According to TipRanks.com, Ng is ranked #250 out of 4850 analysts.

BidaskClub upgraded shares of Beacon Roofing Supply (NASDAQ:BECN) from a sell rating to a hold rating in a research report report published on Friday morning, BidAskClub reports.

BidaskClub raised Beacon Roofing Supply from a "hold" rating to a "buy" rating in a research note on Wednesday, january 9th. finally, Wedbush lifted their price objective on Beacon Roofing Supply from $30.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, February 8th.

BidaskClub lowered shares of Beacon Roofing Supply (NASDAQ:BECN) from a hold rating to a sell rating in a research note released on Thursday. Several other equities research analysts have also recently weighed in on BECN.

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Beacon Roofing Supply, Inc. (NASDAQ: BECN) reported its fiscal second-quarter earnings Tuesday, which prompted Jefferies to no longer hold a bullish stance on the stock for three key reasons..