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Tuesday, Oct 1
Beacon Roofing slides on RW Baird downgrade
- Beacon Roofing (BECN -7.1%) shares tumble after RW Baird cuts its rating to Neutral from Outperform and reduces its PT to $39 ($42 previous).
- The firm cites survey results showing weaker residential roofing demand. Back in July, Baird thought pullbacks should be bought due to strong re-roofing volumes.