Fly News Breaks for December 24, 2018
Dec 24, 2018 | 08:19 EDT
Seaport Global analyst Matt McCall on Friday lowered his price target for NCI Building Systems to $10 while maintaining a Buy rating on the shares. The stock is down over 65% since the Ply Gem merger was announced, McCall told investors in a research note partially titled "Hate selling takes over." The analyst cites macroeconomic concerns for his reduced price target but adds his valuation has upside should NCI Building "begin to demonstrate the ability to integrate Ply Gem and de-lever."
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