UPDATE: Jefferies Initiates Coverage on Masco on Fair Valuation
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
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2021 | Wolfe Research | Initiates Coverage On | Peer Perform | |
Feb 2021 | Credit Suisse | Maintains | Outperform | |
Feb 2021 | Loop Capital | Downgrades | Buy | Hold |
View More Analyst Ratings for MAS
View the Latest Analyst Ratings
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