Canaccord Genuity maintains a 'Buy' on Headwaters (NYSE: HW); Seeing Gradual Improvement in Housing

May 17, 2012 10:50 AM EDT
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Price: $24.24 --0%

Rating Summary:
    3 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 5 | New: 56
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Canaccord Genuity maintains a 'Buy' on Headwaters (NYSE: HW) price target of $5.50.

Analyst, John Quealy, said, "We maintain our rating, as we expect gradually improving construction market trends to help support P&L momentum. With contribution margins of 40%+, we find HW very well positioned to outperform in a housing/construction market recovery."

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

Shares of Headwaters closed at $4.08 yesterday.


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