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Fly News Breaks for November 22, 2016
BECN
Nov 22, 2016 | 08:25 EDT
After Beacon reported slightly weaker than expected Q4 results, RBC Capital analyst Robert Wetenhall blamed the miss on warm weather and high demand in Q2. The analyst says that the company's gross margin came in above expectations, while it continues to benefit from strong demand and "robust M&A." The analyst trimmed his price target on the stock to $51 from $54 but keeps an Outperform rating on the shares.