After having hosted a field trip to Ferguson’s (FERG) Nashville market distribution center, Jefferies walked away more confident that the company’s investments and scale compared with its competitors should allow Ferguson to take share. The “big sell-off in shares” is a buying opportunity with Ferguson looking “oversold” and trading at a sharp discount to peers, adds the analyst, who maintains a Buy rating and $230 price target on the stock.
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Read More on FERG:
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