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Fly News Breaks for April 25, 2018
MAS
Apr 25, 2018 | 08:52 EDT
MKM Partners analyst Megan McGrath lowered her price target on Masco to $45 following a Q1 earnings miss along with a "somewhat confusing" presentation of results and the company headwinds and tailwinds. McGrath kept her Buy rating on Masco however, forecasting an easing of some of the top line and margin pressure while also citing the company's backing its FY18 outlook amid a "more back-end loaded" performance. Specifically, the analyst expects some easing of price-to-cost pressures, return to organic growth in Cabinets, and a successful integration of Kichler Lighting business.
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