Philip Ng

Jefferies said Hold-rated USG Corporation (NYSE: USG) could buyback shares to maintain the low-end of its leverage target and enter in to a bolt-on acquisition to expand in West Coast. "While FCF will be depressed in 2017 from the $75 mil spend for advanced manufacturing, including the...

Analysts slashed their earnings estimates for Owens Corning (NYSE: OC) after the company said roofing volumes for the first half of 2014 may be as much as 20 percent lower than a year earlier. MKM Partners' Megan McGrath said the revised outlook made her "Incrementally more cautious....

In a report published Tuesday, Jefferies analyst Philip Ng reiterated a Hold rating on Nortek (NASDAQ: NTK), and raised the price target $74.00 to $76.00. In the report, Jefferies noted, “We are adjusting our estimates to reflect a lower future share count following clarification on potential...

In a report published Thursday, Jefferies analyst Philip Ng downgraded the rating on Sealed Air Corp. (NYSE: SEE) from Buy to Hold, but reiterated the $33.00 price target. In the report, Jefferies noted, “We are encouraged by the initiatives SEE is implementing and believe the turnaround is...

In a report published Wednesday, Jefferies analyst Philip Ng reiterated a Buy rating and $68.00 price target on Packaging Corp of America (NYSE: PKG). In the report, Jefferies noted, “PKG continues to execute at a high level and volumes remain strong. The BZ transaction should close by October...

In a report published Thursday, Jefferies analyst Philip Ng initiated coverage on Owens Corning (NYSE: OC) with a Buy rating and $55.00 price target. In the report, Jefferies noted, “We are initiating coverage on OC with a Buy, and believe it has the most compelling risk reward in the group with...

In a report published Thursday, Jefferies analyst Philip Ng initiated coverage on Masco Corporation (NYSE: MAS) with a Hold rating and $24.00 price target. In the report, Jefferies noted, “While MAS has some of the best brands and its Cabinets business is finally turning the corner, we believe the...

In a report published Thursday, Jefferies analyst Philip Ng initiated coverage on Nortek (NASDAQ: NTK) with a Hold rating and $73.00 price target. In the report, Jefferies noted, “While we like the management changes and operational improvements NTK is undertaking, we are initiating coverage with...

In a report published Thursday, Jefferies analyst Philip Ng initiated coverage on USG Corporation (NYSE: USG) with a Buy rating and $34.00 price target. In the report, Jefferies noted, “We are initiating coverage on USG with a Buy, driven by our positive view on the industry dynamics of wallboard...

In a report published Monday, Jefferies analyst Philip Ng reiterated a Buy rating on Graphic Packaging (NYSE: GPK), and raised the price target from $10.00 to $10.50. In the report, Jefferies noted, “While shares have outperformed, GPK is still a fairly under the radar name and we believe the...

In a report published Thursday, Jefferies analyst Philip Ng reiterated a Hold rating on Packaging Corp. of America (NYSE: PKG), and raised the price target from $48.00 to $49.00. In the report, Jefferies noted, “We are encouraged PKG continues to see strong demand in July and has realized the...

In a report published Wednesday, Jefferies analyst Philip Ng reiterated a Hold rating on Sonoco Products (NYSE: SON), and raised the price target from $34.00 to $38.00. In the report, Jefferies noted, “We expect 2Q results to be soft, driven by bad weather and FX, but we believe the news is...

In a report published Wednesday, Jefferies analyst Philip Ng reiterated a Buy rating on Sealed Air (NYSE: SEE), and raised the price target from $28.00 to $30.00. In the report, Jefferies noted, “We expect 2Q results to be soft, driven by bad weather and FX, but we believe the news is baked...