Stephens raised the firm’s price target on Masonite to $130 from $110 and keeps an Overweight rating on the shares. The company’s Q2 sales and adjusted EBITDA were ahead of expectations, but its CY23 guidance was reiterated, the analyst tells investors. Stephens believes the “significant” free-cash-flow generation and margin stability despite a tough demand environment is not reflected completely in the valuation of the stock.
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