Deutsche Bank downgraded Masonite (DOOR) to Hold from Buy with a price target of $133, up from $115, after Owens Corning (OC) announced reached an agreement to acquire Masonite in an all-cash transaction valued at $3.9B including debt, or $133 per share. The firm says Masonite shares are now reflecting a high degree of certainty that the transaction closes at the agreed upon price.
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