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Fly News Breaks for April 25, 2017
NCS
Apr 25, 2017 | 08:05 EDT
As noted earlier, RBC Capital upgraded NCI to Outperform from Sector Perform. After meeting with the company's CEO, analyst Robert Wetenhall says he is more confident in the outlook of the company's end markets and the growth potential of its insulated metal panels business. The analyst believes that worries about the impact of steel price fluctuations on the company's margins are overdone, as he says that hedging can reduce the impact of such fluctuations. Target to $20 from $18.
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