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.
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Read More on MAS:
- Masco (MAS) Announces Q4 Dividend: Save the Dates!
- Masco price target lowered to $63 from $65 at Barclays
- Masco raises FY23 EPS view to $3.65-43.75 , consensus $3.61
- Masco sees FY23 EPS $3.65-EPS $3.75, consensus $3.61
- Masco reports Q3 EPS $1.00, consensus 91c
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