Masco price target raised to $60 from $58 at BMO Capital

BMO Capital analyst Ketan Mamtora raised the firm’s price target on Masco to $60 from $58 and keeps a Market Perform rating on the shares. The company’s Q3 results were above the firm’s expectation, the analyst tells investors in a research note, adding that declining raw materials should aid Plumbing margins in the first half of 2024, with Europe also showing signs of stabilization.