Market Overview

UPDATE: Oppenheimer Upgrades Masco on Anticipated Continued Benefits


In a report published Tuesday, Oppenheimer analyst Jim Giannakouros upgraded the rating on Masco Corporation (NYSE: MAS) from Perform to Outperform, and reiterated the $25.00 price target.

In the report, Oppenheimer noted, “We are upgrading shares of MAS to Outperform from Perform, anticipating continued benefits from strong US housing market tailwinds. We ran multiple regressions backtesting MAS revenue sensitivity to fluctuations in 1) US housing starts, 2) existing home prices, 3) existing home sales, and 4) repair/remodel spending, with our resulting model suggesting HSD revenue growth through 2015 is quite achievable. Additionally, our channel checks indicate positive momentum MAS cited in July (+LDD sales growth) persisted through the summer, setting up for a strong 3Q13. Modeling slightly below MAS's incremental margin guide of 30% in '14/'15 may prove conservative, but we remain mindful of price/cost risks and costs related to driving volumes and NPIs (e.g., promotions, advertising, merchandising).”

Masco Corporation closed on Monday at $20.47.

Latest Ratings for MAS

Jan 2021BMO CapitalInitiates Coverage OnMarket Perform
Jan 2021JefferiesDowngradesBuyHold
Dec 2020UBSInitiates Coverage OnBuy

View More Analyst Ratings for MAS
View the Latest Analyst Ratings


Related Articles (MAS)

View Comments and Join the Discussion!

Posted-In: Jim Giannakouros OppenheimerAnalyst Color Upgrades Analyst Ratings

Latest Ratings

TSLAJP MorganMaintains125.0
INTCTruist SecuritiesMaintains64.0
FBTruist SecuritiesMaintains320.0
AAPLCowen & Co.Maintains153.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at