Fly News Breaks for November 13, 2019
FBM, GMS, CBPX
Nov 13, 2019 | 09:27 EDT
SunTrust analyst Keith Hughes raised his price target on Continental Building (CBPX) to $37 after the company announced it is being acquired by St. Gobain at that price. The analyst notes that the manufacturer consolidation is a positive for pricing discipline, helping other distributors like GMS Inc (GMS) and Foundation Building Materials (FBM).
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