Stifel analyst Stanley Elliott downgraded Masonite (DOOR) to Hold from Buy 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.
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Read More on DOOR:
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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
- Owens Corning downgraded to Equal Weight from Overweight at Barclays