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Fly News Breaks for January 5, 2018
USG
Jan 5, 2018 | 05:27 EDT
JPMorgan analyst Michael Rehaut upgraded USG to Overweight and raised his price target for the shares to $46 from $38. The analyst believes higher capacity utilization for the wallboard industry will drive improved pricing, particularly in 2019. Further, he thinks USG's Advanced Manufacturing initiatives will also support margin expansion. Barclays this morning also upgraded the shares.
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