Market Overview

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


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

Jul 2018MaintainsNeutralNeutral
Jun 2018MaintainsNeutralNeutral
Jun 2018DowngradesOutperformMarket Perform

View More Analyst Ratings for USG
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Posted-In: MacquarieAnalyst Color Reiteration Analyst Ratings


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