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Fly News Breaks for October 18, 2016
NX, PGEM, FBHS
Oct 18, 2016 | 06:29 EDT
KeyBanc analyst Kenneth Zener last night downgraded Fortune Brands (FBHS), Ply Gem (PGEM) and Quanex (NX) to Sector Weight from Overweight saying growth is maturing for Building Products. The analyst expects existing homes sales and new starts to slow in 2017, making the sector less attractive. He sees few near-term catalysts for the shares.
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