Wells Fargo lowered the firm’s price target on Ferguson (FERG) to $215 from $220 and keeps an Overweight rating on the shares. The firm says that amidst late 2024 pessimism, the builder/product playbook for 2025 is complicated. Its strategy is to lean into attractively valued quality; opportunities to move up the risk curve “will eventually materialize but not quite yet.”
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- Ferguson price target lowered to $220 from $232 at Wells Fargo