Baird lowered the firm’s price target on Ferguson (FERG) to $19 from $225 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results as its rest guidance removes an overhang while keeping structural drivers in place.
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Read More on FERG:
- Strategic Expansion and Operational Efficiency Drive Positive Outlook for Ferguson PLC
- Ferguson PLC: Strategic Buy Amid Margin Challenges and Long-term Growth Potential
- Ferguson price target lowered to $190 from $211 at Barclays
- Ferguson PLC: Resilience Amid Commodity Deflation and Market Opportunities Support Buy Rating
- Ferguson price target lowered to $200 from $230 at Truist
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