Barclays raised the firm’s price target on Masco (MAS) to $93 from $92 and keeps an Overweight rating on the shares. The firm says Masco’s “broad” margin execution is notable relative to choppier trends elsewhere in housing. The company’s portfolio of stable businesses is “shining, warranting its premium multiple,” the analyst tells investors in a research note.
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Read More on MAS:
- Masco Corporation Reports Steady Sales Amidst Profit Challenges
- Masco downgraded to Sector Perform from Outperform at RBC Capital
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