OC - Masonite's Mixed Fortunes: Analyst Shifts To Hold Amid North American Gains And European Struggles | Benzinga
Stifel analyst Stanley S. Elliott downgraded Masonite International Corporation (NYSE:DOOR) to Hold from Buy at an increased price target of $133 (from $119).
The downgrade comes following the company’s fourth-quarter results reported this week.
The company posted revenue of $660.58 million, missing the consensus of $662.25 million, and adjusted EPS of $1.29, coming below the consensus of $1.31.
The analyst writes that Masonite’s North American business saw upside ...