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Fly News Breaks for December 13, 2019
MAS, FBHS
Dec 13, 2019 | 08:24 EDT
Jefferies analyst Philip Ng said among building products companies he sees Masco (MAS) and Fortune Brands (FBHS) as the biggest beneficiaries. A roll back of 50% of the existing tariffs could boost Masco's EPS by 6% and add 3% to earnings for Fortune, estimates Ng. He also believes demand should lift as well, estimating that every 1% rise in volumes translates to a 1% increase in EPS for these two companies. Ng keeps Buy ratings on both stocks.