Fly News Breaks for January 7, 2020
Jan 7, 2020 | 07:42 EDT
Loop Capital analyst Garik Shmois initiated coverage of Beacon Roofing with a Buy rating and $37 price target. In a research note to investors, Shmois says Beacon Roofing is a show-me turnaround story, and that if gross and EBITDA margins show sequential stability in Q1 and y/y improvement in 2H20, he sees the upside potential in the stock as compelling especially given the relative underperformance over the last year versus his coverage universe due to challenges both self-inflicted and market inflicted. He believes that with a new management team, Beacon can gradually begin to return to sustained organic growth with some more focus on basic blocking and tackling, preserving market share through stronger customer engagement and tighter inventory and pricing controls.
News For BECN From the Last 2 Days
There are no results for your query BECN