RBC downgrades building product companies, flags 2027 headwinds
RBC downgraded shares of Ferguson Enterprises Inc, Owens Corning, Mohawk Industries Inc, and Builders FirstSource Inc, citing headwinds in 2027 for the building products sector.
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RBC downgrades Builders FirstSource, Mohawk, Owens Corning; flags 2027 headwinds
RBC Capital Markets downgraded Builders FirstSource and Owens Corning to "sector perform" and Mohawk Industries to "underperform", citing weak flooring demand and mounting price and cost pressures. The brokerage also revised price targets for several building product companies, with larger challenges expected in 2027 d