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Fly News Breaks for November 26, 2019
BECN
Nov 26, 2019 | 09:16 EDT
RBC Capital analyst Mike Dahl lowered his price target on Beacon Roofing to $30 and kept his Sector Perform after its mixed Q4 results, saying the company has gone "cold turkey" on making margin expansion progress and its FY20 looks like "another transition year" amid ongoing competitive challenges. The analyst also cuts his FY20 EPS view by 45c to $2.50, stating that the management's commentary on demand forecasting "flat end markets" implies a "much more negative" start to the new year than his prior forecasts assumed.
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