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Fly News Breaks for August 30, 2016
USG
Aug 30, 2016 | 07:22 EDT
SunTrust analyst Keith Hughes says that USG's sale of its distribution unit is "a big win." The analyst says that the deal eliminates "a struggling low margin business," and he thinks that the company's profit improvement plan will boost its results over the medium term. He believes that the deal will enable the company to more effectively use its free cash flow in the future. Hughes says that the stock is attractive for medium term investors, and he keeps a Buy rating on the shares.
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