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Fly News Breaks for January 7, 2019
MAS
Jan 7, 2019 | 07:20 EDT
As previously reported, KeyBanc analyst Kenneth Zener upgraded Masco to Overweight from Sector Weight, with $36 price target, as he believes its paint and faucet businesses offer earnings stability and attractive valuation. From a cost basis, the analyst thinks tariffs are the largest unknown variable largely impacting Plumbing and Lighting, though with a fairly consolidated U.S. faucet market, Zener does not see this as a large negative factor
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