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Masonite’s Mixed Fortunes: Analyst Shifts To Hold Amid North American Gains And European Struggles

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Stifel analyst Stanley S. Elliott  downgraded Masonite International Corporation (NYSE:DOOR) to Hold from Buy at an increased price target of $133 (from $119).

The downgrade comes following the company’s fourth-quarter results reported this week.

The company posted revenue of $660.58 million, missing the consensus of $662.25 million, and adjusted EPS of $1.29, coming below the consensus of $1.31. 

The analyst writes that Masonite’s North American business saw upside …

Full story available on Benzinga.com

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