Analyst downgrades Beacon Roofing Supply after rejection of buyout offer, retail sentiment neutral

From StockTwits: 2025-02-07 04:50:11

Stifel downgraded Beacon Roofing Supply ($BECN) to ‘Hold’ from ‘Buy’ with a price target of $122.55, down from $131 after the board rejected a $124.25 per share tender offer from QXO Inc. Shares rose 1.29% despite the downgrade, with retail sentiment neutral. QXO’s billionaire owner, Brad Jacobs, urged Beacon to let shareholders decide. Beacon operates over 580 branches in the US and Canada. Stocktwits sentiment on BECN remained ‘neutral’ with low message volumes. QXO had secured financing for the $11 billion deal, but Beacon rejected the bid, stating it undervalued the company’s growth prospects.



Read more at StockTwits: Beacon Roofing Stock In Focus After Analyst Downgrade Following Rejection Of QXO Buyout Offer: Retail’s Divided