Business

Mass. Mover

Beacon Roofing slips on downgrade

Investment research firm Zacks said it sees improvement in the construction business.

Essdras M Suarez/Globe staff

Investment research firm Zacks said it sees improvement in the construction business.

Advertisement

Shares of Peabody’s Beacon Roofing Supply Inc. slipped after Zacks downgraded the company from outperform to neutral. The firm currently has $35 target price on the stock. Zacks analysts noted the company’s most recent earnings were in line with their estimate but revenue fell short of Zacks’ estimate. But the firm was heartened by signs of improvement in residential and nonresidential construction sectors, which it said bodes well for Beacon going forward.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com