Masco downgraded to Equal Weight from Overweight at Wells Fargo

Wells Fargo analyst Sam Reid downgraded Masco (MAS) to Equal Weight from Overweight with a price target of $85, down from $92. The firm believes tariff risk introduces headline noise, with potential domestic benefits not a big enough offset. Further, Wells argues that upside levers are already well-appreciated, and sees the stock’s rich valuation rich leaving limited room for error.