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Fly News Breaks for February 19, 2020
DOOR
Feb 19, 2020 | 07:30 EDT
Nomura Instinet analyst Michael Wood raised the firm's price target on Masonite to $100 from $81 and keeps a Buy rating on the shares. The analyst raised his estimates to reflect "early signs of success" in the company's North America residential pricing strategy and continued productivity improvements that he noted exceed expectations. A premium valuation is deserved given the door industry's "rational duopoly that is becoming confirmed with this bold price attempt," Wood tells inevstor sin a research note.
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