Citi lowered the firm’s price target on Ferguson (FERG) to $168 from $189 and keeps a Neutral rating on the shares. The shares dropped following the company’s fiscal Q2 miss and cut to fiscal 2025 operating margin guidance, the analyst tells investors in a research note. The firm says management commentary pointed to a more muted demand environment in both residential and commercial, as well as commodity deflation lasting longer than expected.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FERG:
- Ferguson price target lowered to $189 from $234 at Oppenheimer
- Ferguson PLC: Strategic Growth and Margin Expansion Amid Market Volatility
- Ferguson price target lowered to $189 from $211 at RBC Capital
- Ferguson price target lowered to $180 from $205 at Wells Fargo
- Ferguson price target lowered to $190 from $225 at Baird
Questions or Comments about the article? Write to editor@tipranks.com