Masco downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital analyst Mike Dahl downgraded Masco (MAS) to Sector Perform from Outperform with a price target of $80, up from $79. The firm continues to believe Masco’s product portfolio provides long-term “quality and resilience.” While the Q3 results came largely in-line, demand risks have risen looking to fiscal 2025 given ongoing rate volatility, the analyst tells investors in a research note. RBC believes the stock’s valuation already captures improvement potential, limiting upside.