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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
Oct 2014MacquarieDowngradesOutperformNeutral
Oct 2014BarclaysDowngradesOverweightEqual-weight
Oct 2014JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for MAS
View the Latest Analyst Ratings

Posted-In: Jefferies Philip NgAnalyst Color Initiation Analyst Ratings

 

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