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MAS

Masco

$44.46

0.41 (0.93%)

08:03
01/08/18
01/08
08:03
01/08/18
08:03

Masco signs agreement to acquire Kichler Lighting; terms not disclosed

Masco Corporation announced the signing of a definitive agreement to acquire The L.D. Kichler Co., a developer of decorative residential and light commercial lighting products, ceiling fans and LED lighting systems across both consumer and professional distribution channels. Based in Cleveland, Ohio, Kichler Lighting had revenues of approximately $450 million in 2017 and employs approximately 700 people worldwide. The transaction is expected to close in the first quarter of 2018, subject to customary closing conditions and regulatory review, and will be funded with cash on hand. Masco intends to report the financial results of Kichler Lighting in its Decorative Architectural Products segment. Additionally, Masco announced that it acquired Mercury Plastics, Inc. in the fourth quarter of 2017. Mercury is a plastics processor and manufacturer of water handling systems for appliance and faucet applications, as well as other highly engineered plumbing products, tubing, and assemblies. Based in Middlefield, Ohio, Mercury had revenues of approximately $45 million in 2017 and employs approximately 300 people. Masco intends to report the financial results of Mercury in its Plumbing Products segment.

  • 09

    Jan

  • 08

    Feb

MAS Masco
$44.46

0.41 (0.93%)

10/25/17
WELS
10/25/17
DOWNGRADE
Target $44
WELS
Market Perform
Masco downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Stephen East downgraded Masco to Market Perform citing valuation with the shares near his unchanged price target of $44. The company's underlying fundamentals "remain solid, albeit slowing," the analyst contends.
12/05/17
WELS
12/05/17
NO CHANGE
WELS
Potential tax reform beneficial Building Products names, says Wells Fargo
Wells Fargo notes that the potential tax reform is "overwhelmingly beneficial" for its Building Products companies under coverage, though certain companies will benefit more than others. On average, the proposed tax reform could increase 2019 EPS by 18%, improve 2019 ROE by about 375 bps and lower 2019 PE multiples by 15%, it contends. Wells Fargo says that the most favorably impacted companies will likely be the Distributors like GMS Inc.(GMS) and Beacon Roofing (BECN), as well as Fortune Brands (FBHS) and Masco (MAS).
01/03/18
EVER
01/03/18
DOWNGRADE
EVER
In Line
Masco downgraded to In Line from Outperform at Evercore ISI
01/05/18
JPMS
01/05/18
DOWNGRADE
Target $48
JPMS
Neutral
Masco downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Rehaut downgraded Masco to Neutral with an unchanged price target of $48. The company's turnaround story and benefit from corporate tax reform has largely been reflected by the stock's outperformance in 2017, the analyst tells investors in a research note. He believes further margin improvement in Cabinets and Windows is already reflected by the Street's estimates.

TODAY'S FREE FLY STORIES

SKY

Skyline

$29.22

-0.56 (-1.88%)

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BX

Blackstone

$31.79

-0.08 (-0.25%)

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WHR

Whirlpool

$164.63

0.3 (0.18%)

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  • 05

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HFC

HollyFrontier

$73.67

0.75 (1.03%)

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JD

JD.com

$36.72

0.35 (0.96%)

08:00
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Options
JD.com call buyer realizes 1% same-day gains »

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UNP

Union Pacific

$144.26

1.36 (0.95%)

07:59
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  • 13

    Jun

NCR

NCR Corp.

$30.75

-0.4 (-1.28%)

07:58
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07:58
Recommendations
NCR Corp. analyst commentary  »

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07:55
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Federal Reserve Bank of Philadelphia President speaks at a conference »

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MCRB

Seres Therapeutics

$8.12

0.16 (2.01%)

07:55
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Conference/Events
Seres Therapeutics to hold a research and development day »

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  • 24

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OKTA

Okta

$49.49

0.99 (2.04%)

07:52
05/24/18
05/24
07:52
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07:52
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  • 24

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INTU

Intuit

$196.15

5.74 (3.01%)

07:51
05/24/18
05/24
07:51
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07:51
Recommendations
Intuit analyst commentary  »

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  • 12

    Jun

CIT

CIT Group

$55.27

-0.06 (-0.11%)

07:51
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07:51
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CIT Group announces preliminary results of cash tender offer for common stock »

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EDU

New Oriental Education

$101.38

4.82 (4.99%)

07:50
05/24/18
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07:50
Downgrade
New Oriental Education rating change  »

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  • 10

    Sep

TAL

TAL Education

$43.74

1.11 (2.60%)

07:50
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Upgrade
TAL Education rating change  »

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07:48
05/24/18
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Conference/Events
Federal Reserve Bank of Atlanta president delivers opening remarks at conference »

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DRI

Darden

$85.72

-0.23 (-0.27%)

07:47
05/24/18
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Darden analyst commentary  »

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  • 10

    Jul

PBR

Petrobras

$15.10

-0.6 (-3.82%)

07:46
05/24/18
05/24
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07:46
Downgrade
Petrobras rating change  »

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

07:46
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Technical Analysis
Technical Take: Petrobras falls on diesel price cuts, regulator scrutiny »

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PRPO

Precipio

$0.50

0.0143 (2.94%)

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QURE

uniQure

$32.87

0.56 (1.73%)

07:44
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MSFT

Microsoft

$98.72

1.16 (1.19%)

07:44
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  • 03

    Jun

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

07:39
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07:39
Technical Analysis
Technical Take: Williams-Sonoma nears 52-week high after earnings beat »

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LB

L Brands

$34.05

0.06 (0.18%)

07:38
05/24/18
05/24
07:38
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07:38
Recommendations
L Brands analyst commentary  »

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  • 24

    May

GE

General Electric

$14.17

-1.13 (-7.39%)

07:37
05/24/18
05/24
07:37
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07:37
Recommendations
General Electric analyst commentary  »

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MIDD

Middleby

$104.42

1.88 (1.83%)

07:37
05/24/18
05/24
07:37
05/24/18
07:37
Initiation
Middleby initiated  »

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  • 12

    Jun

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