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Stock Market & Financial Investment News

News Breaks
March 5, 2014
04:55 EDTUSG, USG, EXP, EXP, DOOR, DOOR, TREX, TREXStephens to hold a field trip
Building Materials Field Trip travels to Chicago, Dallas, Tampa and Winchester, Virginia on March 5-6.
News For USG;EXP;DOOR;TREX From The Last 14 Days
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February 5, 2016
12:25 EDTEXP, USGUSG advances as pricing and cost control drive Q4 earnings
Shares of building products company USG Corporation (USG) are advancing this morning after reporting higher than expected fourth quarter earnings. WHAT'S NEW: USG reported Q4 EPS of 42c, which handily beat analysts' expectations of 30c per share. The company reported Q4 revenue of $925M, just shy of expectations, as foreign currency unfavorably impacted net sales by $18M in the quarter. USG CEO James Metcalf attributed the improved results to margin expansion in its Gypsum and Ceilings businesses. "Improved pricing in both businesses, coupled with our cost discipline, drove this increased performance," Metcalf noted. On its quarterly earnings conference call, the CEO said the main driver for margin expansion in the quarter was improved pricing of all product categories in the Ceiling segment. The company sees continued strength in its markets in 2016 with overall demand improving 5% in most of its key markets. On its call, USG stressed that it will continue its "relentless cost control program" in 2016. WHAT'S NOTABLE: On its quarterly conference call on January 29, USG Corporation peer Eagle Materials (EXP) noted that its gypsum customers are reporting 5%-7% increase in volume needs for calendar year 2016. ANALYST VIEWS: On January 26, Credit Suisse analyst Michael Dahl downgraded USG to Underperform, saying he sees risk to consensus estimates from increased competition in ceilings and a lack of traction on wallboard pricing. The analyst views the stock's risk/reward as unfavorable and cut his price target for the name to $17 from $26. PRICE ACTION: On a negative day in the broader market, shares of USG Corporation are up almost 5%, while peer Eagle Materials is up fractionally.
08:02 EDTUSGUSG reports Q4 adjusted EPS 42c, consensus 30c
Reports Q4 revenue $925M, consensus $948.42M. Foreign currency unfavorably impacted net sales by $18M in the fourth quarter of 2015.
February 3, 2016
07:08 EDTTREXEmerald Asset Management to hold a forum
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February 1, 2016
10:02 EDTTREXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded at BMO Capital... ARMOUR Residential (ARR) downgraded to Underweight from Equal Weight at Barclays... Abraxas Petroleum (AXAS) downgraded to Neutral from Buy at SunTrust... Anchor BanCorp Wisconsin (ABCW) downgraded to Equal Weight from Overweight at Stephens... Ashford Hospitality Prime (AHP) downgraded to Hold from Buy at Canaccord... Ashford Hospitality (AHT) downgraded to Hold from Buy at Canaccord... Axiall (AXLL) downgraded to Neutral from Buy at Citi... Boston Private Financial (BPFH) downgraded to Neutral from Buy at SunTrust... Colliers International (CIGI) downgraded to Sector Perform from Outperform at RBC Capital... Companhia Brasileira de Distribuicao (CBD) downgraded to Neutral at Credit Suisse... Connecticut Water (CTWS) downgraded to Market Perform from Outperform at Wells Fargo... Duke Realty (DRE) downgraded on valuation, growth outlook at BMO Capital... EP Energy (EPE) downgraded to Neutral from Buy at SunTrust... Eastman Chemical (EMN) downgraded at SunTrust... Equity Residential (EQR) downgraded to Neutral from Buy at Mizuho... Genuine Parts (GPC) downgraded to Neutral from Overweight at JPMorgan... Hersha Hospitality (HT) downgraded to Hold from Buy at Canaccord... Jones Energy (JONE) downgraded to Neutral from Buy at SunTrust... Mondelez (MDLZ) downgraded to Neutral from Positive at Susquehanna... Nokia (NOK) downgraded to Hold from Buy at Canaccord... Ollie's Bargain Outlet (OLLI) downgraded to Neutral from Outperform at Credit Suisse... Oshkosh (OSK) downgraded to Hold from Buy at Drexel Hamilton... Outerwall (OUTR) downgraded on Redbox weakness at Roth Capital... PACCAR (PCAR) downgraded to Underperform from Peer Perform at Wolfe Research... Restoration Hardware (RH) downgraded to Market Perform from Outperform at Cowen... Rex Energy (REXX) downgraded to Neutral from Buy at SunTrust... Sanchez Energy (SN) downgraded to Neutral from Buy at SunTrust... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Santander Consumer (SC) downgraded to Underperform from Neutral at BofA/Merrill... Tiffany (TIF) downgraded to Market Perform from Outperform at Cowen... Trex Company (TREX) downgraded to Hold from Buy at BB&T... U.S. Steel (X) downgraded to Neutral from Outperform at Macquarie... United Community Financial (UCFC) downgraded to Neutral from Outperform at Boenning & Scattergood... Xerox (XRX) downgraded to Equal Weight from Overweight at Morgan Stanley.
06:56 EDTTREXTrex Company downgraded to Hold from Buy at BB&T
BB&T analyst Matthew McCall downgraded Trex Company to Hold due to the risk to higher-end consumer confidence. The analyst said higher-end consumer confidence declined in January greater than 10% versus December and may be indicative of slower demand for Trex products ahead.

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