UPDATE: KeyBanc Capital Markets Initiates Encore Wire: Hold

KeyBanc Capital Markets initiated Encore Wire (NASDAQ: WIRE) coverage today with a Hold rating.

In the report, KeyBanc Capital Markets stated, "Overall, we believe the Company's unique operating model provides distinct advantages in the form of product availability and reliability that help drive market share gains in an industry differentiated more on price and service vs. product breadth."

Shares of Encore Wire closed today at $28.27, up 0.82% from Monday's market close. At the time of posting, shares were at $28.39 in aftermarket trading.

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