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Fly News Breaks for October 19, 2018
PGTI
Oct 19, 2018 | 07:10 EDT
Deutsche Bank analyst Nishu Sood started PGT Innovations with a Buy rating and $26 price target. The company can see demand growth through a modest housing slowdown driven by increased hurricane-related demand, especially after the costliest period of hurricane damage in U.S. history, Sood tells investors in a research note. Further, the recent 17% decline in the stock adequately prices in PGT's new housing exposure, the analyst contends.
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