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Fly News Breaks for April 6, 2017
MAS
Apr 6, 2017 | 08:03 EDT
As noted earlier, Longbow upgraded Masco to Buy from Neutral. Analyst Garik Shmois says that the sector's volume growth reached 7%-9% last quarter, up from 5%-7% in Q1. The analyst adds that discounts at home centers have dropped from year-ago levels. The analyst believes that the EPS of the company's core business can peak at as high as $5.19 this cycle, depending on the performance of the housing sector. Target $42.
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