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Fly News Breaks for November 6, 2019
DOOR
Nov 6, 2019 | 05:34 EDT
RBC Capital analyst Mike Dahl downgraded Masonite to Sector Perform from Outperform and maintained a $62 price target citing the recent rally in shares and earnings volatility that will limit upside. The analyst expects Masonite's increased pricing to improve the margin profile, but increase volatility in results given the pull-forward, potentially lumpy share losses, and new investments, and sees a likely pushback from home centers and builders.
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