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Fly News Breaks for November 6, 2019
DOOR
Nov 6, 2019 | 07:07 EDT
Stifel analyst John Baugh upgraded Masonite International to Buy from Hold with a price target of $80, up from $50. The announcement that the company would be committed to "meaningful" pricing growth in 2020, driven by announced price increases that average out to mid-teen percentage in the North American residential business, is notable, Baugh tells investors in a research note. Even very conservative estimates indicate "significant" earnings growth for Masonite in 2020, adds the analyst.
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