Raymond James Lowers Wallboard Stocks

I don’t follow other analysts very closely, but an analyst at Raymond James lowered his outlook on some wallboard stocks, and that’s hurting shares of Continental Building Products (CBPX):

Continental Building Products (NYSE:CBPX) was downgraded by investment analysts at Raymond James to a “market perform” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

CBPX hasn’t said yet when it will report its earnings, but my guess is that it will be around February 21. Not all companies are very good at conveying this information to the public.

I’m not too concerned about a negative report. I prefer to wait until we can see the facts in the earnings report.

Posted by on January 23rd, 2019 at 2:28 pm


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