Fly News Breaks for January 30, 2020
OC, BLD, SKY
Jan 30, 2020 | 07:47 EDT
As previously reported, Jefferies analyst Philip Ng downgraded Skyline (SKY) to Hold from Buy with a price target of $33, down from $37. While he thinks the company's long-term growth drivers seem to be in place, Skyline is expecting flattish growth in the near-term and shipments won't inflect until late spring or early summer, which Ng thinks will result in the shares likely being range-bound in the near-term. In the current environment, he prefers levered new residential names like TopBuild (BLD) and Owens Corning (OC), which should benefit from the lift in housing sooner, Ng added.
News For SKY;BLD;OC From the Last 2 Days