HAYW - Credit Suisse begins coverage on building product stocks; likes AWI JELD AZEK

Armstrong World Industries (AWI): Outperform, $120 PT implies 30.7% upside. JELD-WEN (JELD): Outperform, $24 PT implies 19.7% upside. AZEK (AZEK): Outperform, $29 PT implies 18.9% upside. Hayward (HAYW): Outperform, $21 PT implies 20.9% upside. Fortune Brands Home & Security (FBHS): Outperform, $90 PT implies 19.7% upside. Stanley Black & Decker (SWK): Outperform, $165 PT implies 16.3% upside. Carlisle (CSL): Neutral, $275 PT implies 12.8% upside. Owens Corning (OC): Neutral, $105 PT implies 22.6% upside. Mohawk Industries (MHK): Neutral, $140 PT implies 12.1% upside. Trex (TREX): Underperform, $65 PT implies 0.8% downside. Masco (MAS): Underperform, $50 PT implies 2.3% downside.

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Credit Suisse begins coverage on building product stocks; likes AWI, JELD, AZEK