Information Provided By:
Fly News Breaks for October 8, 2018
JELD, DOOR
Oct 8, 2018 | 07:45 EDT
RBC Capital analyst Michael Eisen lowered his price target on Masonite (DOOR) to $76, saying its industry dynamics may be impacted over the longer term by the latest U.S. District Court ruling that a divestiture of Jeld-Wen (JELD) Towanda facility would be an appropriate remedy in the antitrust litigation. As such, Eisen lowers Masonite's assumed FY19 EBITDA target multiple to 7.5-times from 8.0-times even though he keeps his Outperform rating on the shares to reflect the company's position as a "leading global door manufacturer" in both North America and U.K. residential markets.
News For DOOR;JELD From the Last 2 Days
There are no results for your query DOOR;JELD