DAG [BUY +23.8%] - Recent increase of plastic resin price hurts DAG's GPM - Update
  • 2016-10-06T18:57:47
  • Company Research
We maintain our BUY recommendation on DAG. We lower our target price because profitability is being hurt by rising PVC resin costs. However, the current low P/E valuation does not reflect DAG’s solid growth outlook as capacity expansion should allow the company to continue taking advantage of strong customer demand.