
Installed Building Products (NYSE:IBP) Shares Down 6.9% After Analyst Downgrade

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Shares of Installed Building Products (NYSE:IBP) fell 6.9% after DA Davidson downgraded the stock's price target from $270 to $242, maintaining a neutral rating. The stock traded as low as $204.74, with a significant decline in trading volume. Other analysts have also adjusted their ratings, with Goldman Sachs lowering its target to $285 and Zacks Research downgrading to hold. Insiders have sold shares, and institutional investors continue to adjust their stakes. The company reported earnings of $1.79 per share, missing estimates, with revenue down 3.5%.
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