Jefferies Cuts Price Target on Masco Corp. (MAS) to $39

October 26, 2016 10:02 AM EDT
Get Alerts MAS Hot Sheet
Price: $32.61 +0.22%

Rating Summary:
    20 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
Trade MAS Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Jefferies maintained a Buy rating on Masco Corp. (NYSE: MAS), and cut the price target to $39.00 (from $42.00), following the company's in-line 3Q earnings report.

Analyst Philip Ng commented, "The negative impact from a warranty reserves aside, MAS reported an in-line quarter with mid SD core sales growth in cabinets (ex-product rationalization) and plumbing. We believe the 9.5% sell off (S&P: -0.38%) is over done as fears around a weaker consumer were magnified by poor results from other building products manufacturers, and we believe MAS is showing good resilience despite some choppiness in the macro housing trends."

For an analyst ratings summary and ratings history on Masco click here. For more ratings news on Masco click here.

Shares of Masco closed at $30.38 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co, Standard & Poor's, Earnings

Add Your Comment