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Fly News Breaks for January 28, 2020
Jan 28, 2020 | 07:57 EDT
Argus analyst Chris Graja raised his price target on Masco to $54 and kept his Buy rating ahead of its Q4 earnings, noting that while the company has missed consensus in 5 of the past 8 periods, its stock declined in only 3 reported quarters. The analyst adds that the solid remodeling activity will contribute to Masco's growing sales, strong profitability, and improving financial strength. Graja further cites Masco's initiatives to reduce the cyclicality of its business in boosting his operating margin projections for the company, and he expects its higher profitability to result in a larger dividend yield.
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