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Fly News Breaks for January 25, 2019
EXP
Jan 25, 2019 | 07:32 EDT
Northcoast analyst Kevin Hocevar downgraded Eagle Materials to Neutral from Buy due to challenges in the wallboard market. Hocevar said industry shipment data indicates a decline of 10% versus his prior estimate of down 6%. The analyst expects Eagle to materially underperform peers due to its overweight exposure to the distribution channel, exposure to slowing West South Central, and share losses to USG.
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