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Fly News Breaks for April 27, 2018
USG
Apr 27, 2018 | 08:45 EDT
Credit Suisse analyst Susan Maklari upgraded USG to Neutral from Underperform and raised her price target to $38 from $34 as the takeover offer from Knauf continues to play out. In a research note to investors, Maklari said that given the proxy fight being waged ahead of USG's shareholders meeting on May 9, she expects the situation to linger and expects the stock to be range bound until there's a resolution "one way or the other," making fundamentals less relevant.
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