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Fly News Breaks for June 7, 2018
MAS, OC, MLM
Jun 7, 2018 | 08:49 EDT
Jefferies analyst Philip Ng added shares of Martin Marietta Materials to his firm's Franchise Picks list with a Buy rating and $256 price target. The Building Products group has seen "massive" multiple compression with investors fearful we're near a cyclical peak in housing due to rising rates and inflation, Ng tells investors in a research note. He believes these concerns are overblown and calls Martin Marietta, Owens Corning (OC) and Masco (MAS) his top picks.
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