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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 08:40 EDT
As previously reported, Loop Capital analyst Garik Shmois initiated coverage of Masco with a Hold rating and $49 price target. The analyst says the stock made a strong run in 2019, but now sees its its current valuation reflecting the premium in its core paint and plumbing business. Shmois adds that the divestitures of Masco's cabinets and windows business, as well as its planned buybacks, appear to be priced in.
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