Shares of Encore Wire Corporation (NASDAQ:WIRE) of McKinney, Texas have been upgraded by Zacks from a hold rating to a buy rating in a research report sent to investors, according to dakotafinancialnews. The company has a current price target of $47.00 on the stock.

As MHProNews knows, Encore manufactures copper electrical building wire and cable for the manufactured home industry, as well as for applications in commercial and industrial buildings. The stock closed in today’s trading at $42.84, -0.11 percent. ##

(Image credit: Encore Wire Corporation)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.