Beacon Roofing Supply (BECN) Rating Lowered to Hold at BidaskClub

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BidaskClub cut shares of Beacon Roofing Supply (NASDAQ:BECN) from a buy rating to a hold rating in a report released on Friday, BidAskClub reports. BECN has been the topic of several other research reports. Royal Bank of Canada raised their target price on Summit Industrial Income REIT from C$11.50 to C$12.50 and gave the company [.]

On Apr 10, we issued an updated research report on Beacon Roofing Supply, Inc. becn. sluggish asphalt shingle demand remains. These factors might lead to lower-than-expected synergies and escalate.

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Royal Bank of Canada set a $35.00 price target on Beacon Roofing Supply (NASDAQ:BECN) in a research report sent to investors on Tuesday. The firm currently has a hold rating on the stock. Other equities analysts have also recently issued reports about the company. Raymond James set a $45.00 target price on Beacon Roofing Supply [.]

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What’s inside? Within our up-to-date Beacon Roofing Supply, Inc. (becn) stock research report you will find a host of valuable data points and information to help you understand this stock. From analyst recommendations to any dividend declarations, earnings announcements, or insider trades, you’ll be able to get the big picture for Beacon Roofing Supply, Inc. (BECN).

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Chicago, IL – July 19, 2016 – Zacks Equity Research highlights Beacon Roofing Supply ( BECN) as the Bull of the Day and Ryanair. Analysts have also begun to move their expectations lower for RYAAY.

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Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) have been given an average rating of "Hold" by the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating on the company.

Negative customer/product mix due to solid growth of lower-margin national accounts and. Fastenal, which shares space with Beacon Roofing Supply, Inc. BECN, has a Zacks Rank #3 (Hold). Some.

Raymond James lowered their price objective on shares of Beacon Roofing Supply from $45.00 to $40.00 and set an outperform rating on the stock in a report on Monday, June 10th. Finally, Zacks Investment research downgraded shares of Beacon Roofing Supply from a buy rating to a hold rating in a report on Wednesday, March 27th.