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UPDATE: Jefferies Initiates Coverage on Masco on Fair Valuation

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In a report published Thursday, Jefferies analyst Philip Ng initiated coverage on Masco Corporation (NYSE: MAS) with a Hold rating and $24.00 price target.

In the report, Jefferies noted, “While MAS has some of the best brands and its Cabinets business is finally turning the corner, we believe the stock is fairly valued and we are initiating coverage with a Hold. On a pullback, we would revisit the idea, since management is becoming more thoughtful on cash flow deployment and the big ticket market is gaining momentum.”

Masco Corporation closed on Wednesday at $21.82.

Latest Ratings for MAS

DateFirmActionFromTo
Jul 2016JefferiesMaintainsBuy
Jul 2016UBSMaintainsBuy
Jul 2016JP MorganMaintainsOverweight

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Posted-In: Jefferies Philip NgAnalyst Color Initiation Analyst Ratings

 

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