Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

USG Should Have Some Cash On Hand To Return To Shareholders In The Near Future

Share:

Macquarie provided its outlook on USG Corporation (NYSE: USG), maintaining its Outperform rating and $35 price target.

"We have covered USG for many years and we have viewed USG's brand and innovation as best-in-class in the wallboard industry despite the commoditized nature of the product," wrote the analysts, noting they expect share gains from new customers will offset lost share at L&W longer term as a result.

According to the analysts, with the sale of L&W and subsequent planned reduction of debt, the company will likely be in position to return capital to shareholders in the near future. While management didn't specify what measures it would take to return capital, the analysts believe initiating a dividend and share repo should be top priorities.

Latest Ratings for USG

DateFirmActionFromTo
Jul 2018MaintainsNeutralNeutral
Jun 2018MaintainsNeutralNeutral
Jun 2018DowngradesOutperformMarket Perform

View More Analyst Ratings for USG
View the Latest Analyst Ratings

Posted-In: MacquarieAnalyst Color Reiteration Analyst Ratings

 

Related Articles (USG)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
BIDUMaintains147.0
PINSMaintains23.0
GRUBInitiates Coverage On
HOTHInitiates Coverage On
NDRAInitiates Coverage On
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Technical Alert: Agrium Inc. Crosses $100 Off Talks Of Merger With Potash And Retreats

All Of Seaport Global's Energy Ratings Changes