tiprankstipranks
Ferguson price target lowered to $234 from $245 at Barclays
The Fly

Ferguson price target lowered to $234 from $245 at Barclays

Barclays lowered the firm’s price target on Ferguson (FERG) to $234 from $245 and keeps an Overweight rating on the shares. The company’s Q1 margin shortfall is tied to higher spending, with slight end market growth and continued modest deflation. Ferguson is rightly investing for the future, but its near-term margins may now drift to the low end of guidance, the analyst tells investors in a research note.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App