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Fly News Breaks for April 11, 2017
BECN
Apr 11, 2017 | 08:02 EDT
William Blair analyst Ryan Merkel believes Beacon Roofing Supply's fiscal Q2 sales have some upside relative to consensus expectations after his firm's roofing surveys indicated better than expected growth in Q1. Contacts experienced mid-single-digit organic daily sales growth despite tough comparisons, with March being "surprisingly strong," Merkel tells investors in a research note. The analyst keeps an Outperform rating on Beacon Roofing.