UPDATE: Wedbush Initiates Coverage on USG Corporation with Neutral Rating, $28 PT on Cautious Outlook

In a report published Thursday, Wedbush analyst Al Kaschalk initiated coverage on USG Corporation USG with a Neutral rating and $28.00 price target. In the report, Wedbush noted, “USG is a leading manufacturer and distributor of gypsum wallboard and ceiling tiles and related building materials for the residential and commercial construction markets. While USG can continue to benefit from a more disciplined pricing environment in the industry, our cautious stance is due to the inherent choppiness of the commercial construction market and valuation already reflects growth and margin expansion over the next two years.” USG Corporation closed on Wednesday at $25.26.