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Fly News Breaks for February 8, 2019
BECN
Feb 8, 2019 | 09:04 EDT
SunTrust analyst Keith Hughes raised his price target on Beacon Roofing to $44 and kept his Buy rating after its Q1 earnings beat and maintained guidance for the first time in several quarters. The analyst cites the company's continued price / costs gains and also points to its "solid organic growth" in January even though it is typically a weak month on a seasonal basis. Hughes expects Beacon Roofing comps to improve from the unusually weak for storm activity 2018.