Oppenheimer initiated coverage of Ferguson (FERG) with an Outperform rating and $234 price target The firm likes Ferguson’s leadership position in the “attractive” building and remodeling products distribution industry. The company possesses top four market shares across each of the nine customer sub-categories in which it operates, the analyst tells investors in a research note. Opco believes Ferguson’s organic growth should continue to outpace that of its markets.
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Read More on FERG:
- Ferguson PLC Announces Share Vesting and New Stock Awards
- Ferguson price target raised to $230 from $225 at Baird
- Ferguson PLC Files Proxy Materials and Announces Annual Meeting
- Ferguson price target raised to $230 from $210 at JPMorgan
- Ferguson files form 8-K, propectus supplement to shelf registration statement
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