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Fly News Breaks for November 19, 2019
BLD, AWI, DOOR
Nov 19, 2019 | 06:14 EDT
Nomura Instinet analyst Michael Wood raised his price target for Buy-rated Masonite (DOOR) to $81 from $77, for Neutral-rated Armstrong World (AWI) to $94 from $92 and for TopBuild (BLD) to $120 from $108. The analyst says his construction survey results indicate "solid demand" for housing and a cyclical recovery that is "back on-track" after a brief pause from late 2018 into early 2019. Further, remodeling activity looks poised to accelerate more in the coming months with a demand index improving to 71 from 56 last month, Wood tells investors in a research note.