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Fly News Breaks for August 11, 2017
DOOR
Aug 11, 2017 | 06:54 EDT
Stifel analyst John Baugh downgraded Masonite to Hold from Buy and lowered his price target for the shares to $60 from $85. Wednesday night's results marked the second consecutive quarter of disappointment on the top and bottom lines, Baugh tells investors in a post-earnings research note. Amid disappointing volume trends and operational challenges, the analyst sees the stock doing little before the next quarter's release in November. JPMorgan this morning called Masonite's risk/reward attractive after yesterday's pullback.
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