Loop Capital raised the firm’s price target on Masco (MAS) to $87 from $76 and keeps a Hold rating on the shares. The company’s Q3 earnings was in line with consensus but beat the firm’s estimates as margins were stronger than anticipated, with Masco continuing to do a good job managing price/cost while gaining on the productivity side as well, the analyst tells investors in a research note.
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Read More on MAS:
- Masco price target lowered to $94 from $95 at Baird
- Masco price target raised to $93 from $92 at Barclays
- Masco Corporation Reports Steady Sales Amidst Profit Challenges
- Masco downgraded to Sector Perform from Outperform at RBC Capital
- Masco narrows FY24 EPS view to $4.05-$4.15 from $4.05-$4.20, consensus $4.11
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