Building materials provider USG (USG +4.1%) jumps following an upgrade to Overweight from...

|About: USG Corporation (USG)|By:, SA News Editor

Building materials provider USG (USG +4.1%) jumps following an upgrade to Overweight from JPMorgan, The firm, which is also lifting its PT to $18.50, says a recent check indicates customers have largely accepted a recent 35% price hike for USG's gypsum wallboard products, and that the hike will boost the company's bottom line and strengthen its balance sheet.