Macquarie Notes Price Gains In USG Holding, Reiterates As Top Idea - USCF Gold Strategy Plus Income Fund (ARCA:USG)

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Macquarie Notes Price Gains In USG Holding, Reiterates As Top IdeaMacquire Research's Mike Wood Reiterated

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USG Corporation

(NYSE: USG) at Top Idea with a price target of $35.00. The reiteration came after USG announced its wallboard price increase was successfully implemented."We believe the price increase pertains to roughly 50% of USG's wallboard sales" said Wood. Due to the increase, the analyst expected about 5.5% realized gross price increase from 1Q to 3Q16 "as the price benefits are partially realized in each quarter."At the time of writing, USG traded at $28.31, flat in Thursday's after-market session.