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Fly News Breaks for March 28, 2017
FBM
Mar 28, 2017 | 07:43 EDT
After Foundation Building reported adjusted EBITDA that came in below the consensus estimate, RBC Capital analyst Robert Wetenhall says that the comparison between the consensus EBITDA and Foundation's EBITDA is not meaningful because Foundation excluded certain one-time adjustments from its EBITDA number. The analyst says that the company has "a strong competitive position (and) solid growth prospects." He keeps a $29 price target and an Outperform rating on the shares.
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