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Fly News Breaks for August 14, 2018
BECN
Aug 14, 2018 | 07:25 EDT
Stephens analyst Trey Grooms lowered his price target for Beacon Roofing to $50 from $52 and maintained an Overweight rating after the company following its recent Q3 sales miss that was hurt by a decline in residential roofing largely due to lackluster hail storms in the Midwest. Grooms believes the long-term thesis is still intact.