USG (USG +2%-) gets a boost today after Credit Suisse ups the shares to Neutral on valuation and...


USG (USG +2%-) gets a boost today after Credit Suisse ups the shares to Neutral on valuation and raises its price target from $22 to $27. The firm says recent checks of the wallboard market indicate that price increases appear to be sticking with no significant impact to sales volume, although distributors who deal more with commercial/non-residential markets have yet to see meaningful volume improvement. It's anticipating stronger trends as the year progresses, with wallboard pricing of +20% in FY13 and +8% in FY14.

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  • mikeg999
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    One of the best proxies for the housing market. Demand driven by both new construction (single and multi) and renovation. Also, helps that it is a BRK portfolio holding.
    22 Apr 2013, 01:50 PM Reply Like
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