UPDATE: Deutsche Bank Deutsche Bank Reiterates Hold Rating, Raises PT on Masco Corporation

In a report published Monday, Deutsche Bank reiterated its Hold rating on Masco Corporation

, and raised its price target from $12.00 to $14.00. Deutsche Bank noted, “Sales miss and higher charges but profit improvements expected. Masco's 3Q12 results included an overall sales miss and higher than expected charges; however the firm was able to counter this with commentary about positive post quarter sales trends and profit improvement (ex charges) in all divisions except for Cabinets. In our view, the market is likely expecting continued profit improvements across the board; which may be difficult given weaker overall big ticket sales and persistently weak economy in Europe; maintain Hold.” Masco Corporation closed on Friday at $15.99.