Deutsche Bank Reiterates On Masco, Notes Little Progress In Break-Up Value


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Deutsche Bank Tuesday reiterated its Hold rating on

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Masco (NYSE: MAS) and maintained its $22 price target.Deutsche Bank analyst Nishu Sood said the reasoning for the Hold rating was, "Our sum-of-the-parts analysis finds that there is value lost, with roughly $27/share of break-up value. Furthermore, if a break-up drove lagging segments' margins in line with peers' it would yield a total of $33/share. While this value potential is compelling, we don't currently see a path to it; hence, we maintain Hold."Sood maintained the $22 price target, stating, "While the potential value creation documented in our sum-of-the-parts is significant, it remains more a theory than likely outcome, in our view. We note that Masco's break-up value has been discussed for many years, with little progress in that direction. Thus, we continue to value Masco $22/sh via our DCF and EV/EBITDA methodologies."Masco shares were last trading up 1.78 percent to $21.75.
Posted In: Analyst ColorPrice TargetAnalyst RatingsDeutsche BankNishu Sood