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Fly News Breaks for January 4, 2019
MAS
Jan 4, 2019 | 06:53 EDT
BofA/Merrill analyst John Lovallo upgraded Masco to Buy from Neutral, maintaining a $36 price target, and named it a Top Pick. Lovallo favors Masco's product mix, heavy exposure to US remodel activity and residential repair which could become increasingly attractive in a period of cyclical concerns, and potential to unlock value through a sale of its under-performing US cabinets and/or windows businesses.
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