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Fly News Breaks for March 24, 2017
USCR
Mar 24, 2017 | 10:16 EDT
SunTrust analyst Rohit Seth says that while the optics look bad, he confirmed with the company that the auditor change to Ernst & Young from Grant Thornton is unrelated to the resignation of CFO Joseph Tusa. The analyst, while admitting that the "bears will likely seize the moment here," believes U.S. Concrete's growth prospects remain intact. He recommends using today's weakness as an opportunity to accumulate the shares. Seth has a Buy rating on U.S. Concrete with a $90 price target.
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