Barclays Cuts Masco Price Target By 10%

  • Barclays analyst Matthew Bouley lowered the price target on Masco Corp MAS to $75 (an upside of 31.3%) from $83 and maintained an Overweight rating on the shares.
  • Softer plumbing margins were the disappointment in the quarter, with supply chain pressures and elevated costs driving the headwinds; however, the pricing implementation into 2022 is likely to drive a near-term recovery, the analyst noted.
  • RelatedMasco Clocks 9% Sales Growth In Q4; Hikes Dividend
  • Recently, KeyBanc analyst Kenneth Zener had lowered Masco’s price target to $72 (an upside of 26%) from $79 on the second half of 2022 cost pressure. The analyst maintained an Overweight rating on the shares.
  • Price Action: MAS shares are trading lower by 1.13% at $57.08 on the last check Monday.
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