Jefferies Downgrades USG Corp. (USG) to Hold

Jefferies downgraded USG Corp. (NYSE: USG) from Buy to Hold with a price target of $36.00 (from $37.00).

Analyst commented, "We hate downgrading a stock at the bottom, but with demand stalling in the near term at the very least with its business decoupling from the macro trends, it has led to increased pricing pressure in wallboard and ceilings, which weigh on the stock and mute the leverage to the recovery.:

The firm lowered Q4 EPS from $0.45 to $0.28, FY 2015 EPS from $1.81 to $1.62 and FY 2016 EPS from $2.08 to $1.65.

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 $25.14 yesterday.

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