In a report released yesterday, Ketan Mamtora from BMO Capital maintained a Hold rating on Masco (MAS – Research Report), with a price target of $82.00.
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Ketan Mamtora’s rating is based on several key considerations regarding Masco’s current market position and outlook. Despite facing challenges in the housing market, Masco has demonstrated strong execution, notably in its professional paint business and modest growth in international markets like Europe and China. These positive aspects are supported by the company’s robust balance sheet and solid cash flow, providing it with financial flexibility.
However, the anticipated recovery in North American renovation and remodeling demand appears to be delayed until the second half of the year. With Masco’s stock trading at a relatively balanced valuation, the risk and reward seem fairly even at present levels. This has led to the decision to maintain a Hold rating, reflecting the equilibrium between the company’s strengths and the uncertainties in its operating environment.
In another report released yesterday, Citi also maintained a Hold rating on the stock with a $78.00 price target.