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Fly News Breaks for March 29, 2017
USG
Mar 29, 2017 | 06:14 EDT
Macquarie analyst Adam Baumgarten downgraded USG to Neutral and lowered its price target to $34 from $38 following US industry wallboard checks that indicate price increases have recently moderated to +2-+3% from +5-10% previously. The analyst also said there has been an acceleration in bulk discounts and believes commercial activity may moderate in 2017 before picking back up in 2018.
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