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Fly News Breaks for February 19, 2020
DOOR
Feb 19, 2020 | 13:29 EDT
Stifel analyst John Baugh raised the firm's price target on Masonite to $105 from $90 and keeps a Buy rating on the shares, telling investors that he has conviction that the new leadership is "executing change at a rapid pace that will bear immediate fruit." The analyst, who noted that Masonite delivered a solid Q4 and gave an outlook for 2020 that was above consensus, also sees a more favorable building backdrop in North America and a constructive consumer outlook.
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