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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