Masco price target raised to $88 from $79 at Barclays

Barclays raised the firm’s price target on Masco to $88 from $79 and keeps an Overweight rating on the shares. The company’s strong margin execution and Plumbing turning the corner offset sluggish do-it-yourself paint, the analyst tells investors in a research note. The firm says Masco’s recent trends are improving.