Masco upgraded to Outperform from Perform at Oppenheimer

Oppenheimer upgraded Masco (MAS) to Outperform from Perform with an $89 price target The firm sees the stock as a way to play improving trends in the repair and remodel space. Masco’s streamlined portfolio of small ticket products with limited new residential exposure and “strong track record” of margin performance are competitive advantages over peers, the analyst tells investors in a research note. Opco forecasts the company’s earnings growth will accelerate on the margin through 2026, which should contribute to multiple expansion.