Barclays lowered the firm’s price target on Ferguson (FERG) to $190 from $211 and keeps an Overweight rating on the shares. The firm says persistent deflation is driving additional gross margin pressure at Ferguson, while its end markets remain soft. However, Ferguson has demonstrated share gains, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FERG:
- Ferguson PLC: Resilience Amid Commodity Deflation and Market Opportunities Support Buy Rating
- Ferguson price target lowered to $200 from $230 at Truist
- Strategic Positioning and Recovery Potential: Ryan Merkel’s Buy Rating on Ferguson PLC
- Ferguson PLC Reports 3% Sales Growth Amid Market Challenges
- Ferguson share repurchase program increased by an additional $1B
Questions or Comments about the article? Write to editor@tipranks.com