Market Overview

UPDATE: Jefferies Initiates Coverage on Masco on Fair Valuation

Related MAS
Deutsche Bank Reiterates On Masco, Notes Little Progress In Break-Up Value
Bear of the Day: Masco (MAS) - Bear of the Day
Home Improvement Stocks Tumble (Fox Business)

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.

Posted-In: Jefferies Philip NgAnalyst Color Initiation Analyst Ratings

 

Most Popular

Related Articles (MAS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free