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Fly News Breaks for March 24, 2017
USCR
Mar 24, 2017 | 11:21 EDT
After U.S. Concrete announced that its CFO was resigning, the board changed accounting firms and that its 2015 financial statements needed to be restated, Stifel analyst Stanley Elliott said he views this as "a series of poorly handled and poorly timed corporate communication" and not "something more sinister." Elliott, who expects little change to U.S. Concrete's strategy over the near or longer-term, sees the weakness as a buying opportunity and keeps a Buy rating on the stock, which is down 11% to $59.30 in morning trading.
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