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Fly News Breaks for September 8, 2017
NCS
Sep 8, 2017 | 05:50 EDT
Barclays analyst Michael Dahl lowered his price target for NCI Building Systems to $16 from $19 but calls yesterday's post-earnings selloff "too severe." Yesterday's 21% pullback was "too harsh" given where estimates moved, Dahl tells investors in a research note. NCI Building remains a "strong earnings growth story" supported by internal margin initiatives, trading at an attractive valuation, the analyst contends. He keeps an Overweight rating on the shares.
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