RBC Capital raised the firm’s price target on Masonite (DOOR) to $133 from $87 and keeps a Sector Perform rating on the shares. The company’s Q4 results were relatively in-line as North America residential upside offset weakness in Europe and Architectural and higher corporate costs, the analyst tells investors in a research note. The firm adds that its higher price target is in line with the pending acquisition price of $133 per share by Owens Corning (OC).
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Read More on DOOR:
- Masonite reports Q4 adjusted EPS $1.29, consensus $1.31
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- Owens Corning price target lowered to $175 from $183 at RBC Capital
- Masonite downgraded to Hold from Buy at Deutsche Bank