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Fly News Breaks for April 26, 2019
MAS
Apr 26, 2019 | 09:32 EDT
As previously reported, Raymond James analyst Sam Darkatsh upgraded Masco two notches, to Strong Buy from Market Perform, noting that the stock "remarkably" now trades below the level seen just prior to the Cabinets and Windows-related portfolio review announcement on March 1. While he is still cautious on the overall building products space, he views Masco as an asymmetric "special situation" and believes the stock could re-rate "meaningfully" if the "far less attractive" Cabinets and Windows businesses were removed and just Plumbing and Decorative Architecture remained. Darkatsh set a $47 price target on Masco shares.
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