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In a report published Wednesday, Raymond James analyst Sam Darkatsh upgraded the rating on
Masco CorporationMAS from Underperform to Market Perform.
In the report, Raymond James noted, “We are upgrading MAS to Market Perform from Underperform. 3Q13 results were solid, with obvious market share donations largely non-existent for the first time in years (see Fig. 3). While Plumbing margins are probably unsustainable and our in-house housing starts expectations have been trimmed, we still mildly raise our 4Q and 2014 estimates, and the current stock price seems to imply broad market earnings expectations similar to our own.”
Masco Corporation closed on Tuesday at $21.47.
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