UPDATE: Goldman Sachs Reinstates USG Corp. (USG) at Sell

November 22, 2016 8:10 AM EST
Get Alerts USG Hot Sheet
Price: $28.71 --0%

Rating Summary:
    8 Buy, 10 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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(Updated - November 22, 2016 8:51 AM EST)

Goldman Sachs reinstated coverage on USG Corp. (NYSE: USG) with a Sell rating and a price target of $24, implying downside of 15%.

Analsyt Jerry Revich said, "Our EPS estimates are 13% below consensus in 2017-18 as we believe wallboard pricing and ceiling volumes face idiosyncratic headwinds amid a continued construction recovery. In wallboard, we believe pricing may be challenged as high priced volumes roll off following USG’s divestiture of the L&W business, along with headwinds from rising manufacturing costs. In ceilings, remodeling investment appears to be in secular decline, while supply additions create margin risk."

For an analyst ratings summary and ratings history on USG Corp. click here. For more ratings news on USG Corp. click here.

Shares of USG Corp. closed at $28.27 yesterday.

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