Barclays Upgrades USG Corp. (USG) to Equalweight

Barclays upgraded USG Corp. (NYSE: USG) from Underweight to Equalweight with a price target of $26.00 (from $28.00).

Analyst Mike Dahl believes expectations have sufficiently reset. He believes 2018 looks better for the company noting "Even if inputs remain elevated, a 2nd year of similar headwinds (we est. cost headwinds of >$50 mn in 2017) seems unlikely, and we anticipate another round of price increases across manufacturers for 2018."

FY 2017 EPS estimate falls from $1.78 to $1.63 and FY 2018 EPS estimate falls from $2.11 to $2.03.

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 $27.03 yesterday.

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