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UPDATE: Raymond James Upgrades Masco Corporation as Market Share Trends Have Largely Stabilized

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In a report published Wednesday, Raymond James analyst Sam Darkatsh upgraded the rating on Masco Corporation (NYSE: MAS) 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.

Latest Ratings for MAS

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

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View the Latest Analyst Ratings

 

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Posted-In: Raymond James Sam DarkatshAnalyst Color Upgrades Analyst Ratings

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