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Fly News Breaks for February 21, 2020
DOOR
Feb 21, 2020 | 07:56 EDT
Stephens analyst Trey Grooms upgraded Masonite to Overweight from Equal Weight with a price target of $114, up from $70. After a "turning point" year in 2019, he believes Masonite can generate significant earnings growth with continued execution on internal improvements and a "bold" North American residential pricing strategy, Grooms tells investors. Given his positive commentary from channel checks, he thinks 2020 guidance bakes in significant traction on price increases along with volume headwinds and "is attainable," the analyst added.
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