- Wedbush reiterated Outperform on Masonite International Corp DOOR with a $115.00 price target.
- Masonite announced that it would incur one-time restructuring charges during F4Q22, resulting in incremental cost savings in future years.
- Masonite indicated in the F3Q22 conference call that it would look for cost-saving opportunities, especially in the Europe segment.
- Management did not indicate where the cost cuts were focused in the release.
- The analyst will look for more color on the F4Q22 conference call, presumably mid to late February 2023.
- Price Action: DOOR shares traded lower by 1.15% at $81.85 on the last check Friday.
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