Seeking Alpha

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

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.
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