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Fly News Breaks for May 25, 2018
BECN
May 25, 2018 | 07:28 EDT
Wedbush analyst Jay McCanless contended that fears over a potential hurricane that is headed for the Florida panhandle may be boosting Beacon Roofing's share price. In a research note to investors, McCanless, who has an Outperform rating and $65 price target on Beacon, believes Beacon could have more pricing power with customers if the 2018 hurricane season is more active than expected assuming crude prices remain at or near current levels.
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