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Fly News Breaks for September 13, 2016
USG
Sep 13, 2016 | 07:20 EDT
RBC Capital analyst Robert Wetenhall says the sale of USG's distribution business was "smart," as it simplifies the company's story by making it a pure play OEM, increases its margins, and prevents it from competing with a number of its customers. The analyst says that the deal also improved the company's balance sheet, and he thinks that its margins are poised to expand.Target remains $34.
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