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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Read More on FERG:
- Ferguson Directors Receive Stock Units; Beckwitt Buys Shares
- Ferguson price target lowered to $234 from $245 at Barclays
- Ferguson price target lowered to $225 from $230 at Baird
- Ferguson PLC Files Form 10-Q, Highlighting Key Financial Insights
- Ferguson price target lowered to $220 from $232 at Wells Fargo