Masonite price target lowered to $116 from $123 at Stifel

Stifel lowered the firm’s price target on Masonite to $116 from $123 and keeps a Buy rating on the shares. The company’s Q3 results were below expectations, with its acquisition of Endura and improved performance in architectural partially offsetting its sales decline in North America and Europe, the analyst tells investors. While the company noted trends were broadly below expectations, the firm believes the company can continue to navigate this downturn.