Fly News Breaks for November 11, 2019
Nov 11, 2019 | 09:27 EDT
DA Davidson analyst Brent Thielman lowered his price target on U.S. Concrete to $56 after its worse than expected Q3 EBITDA and revenue, saying the shares declined on rising growth concerns and near term guidance which may be "too optimistic". The analyst is still keeping his Buy rating on the stock longer term however, reflecting the company's free cash flow yield above 10% and with margins showing "notable improvement".
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