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Fly News Breaks for March 17, 2017
USG
Mar 17, 2017 | 07:43 EDT
Jefferies analyst Philip Ng raised his price target for USG to $35 saying his checks suggest wallboard industry prices are up in the retail and specialty distributor channel. While the favorable pricing environment is encouraging, the stock, after rallying 19% year-to-date, is fairly valued, Ng tells investors in a research note. He keeps a Hold rating on USG.
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