James initiated coverage on Builders FirstSource (NYSE:BLDR) with a Strong Buy rating and a price target of $180, suggesting an approximately 11% potential upside from the stock's current trading level.

Raymond James analyst Rick Patel raised the firm’s price target on Lululemon (LULU) to $430 from $400 and keeps an Outperform rating on the shares after meeting with management. Ahead of the ICR Conference,

James began coverage of Watsco (NYSE:NYSE:WSO), a leading distributor of heating, air conditioning, and refrigeration products, assigning a Market Perform rating to the company's shares. The rating indicates the firm's view that the stock is currently valued appropriately in the market.