Jefferies Upgrades Masco (MAS) to Buy

Jefferies upgraded Masco (NYSE: MAS) from Hold to Buy with a price target of $25.00 (from $23.00).

Analyst Philip Ng commented, "We hosted a field trip to Masco’s HQ this week and walked away more confident that the long-term strategy should position the company to outperform the market and the underlying recovery has not materially changed. We are upgrading MAS to a Buy and believe the pullback has created a buying opportunity."

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 $20.61 yesterday.

You May Also Be Interested In

• Sphere Entertainment (SPHR) PT Raised to $208 at Guggenheim
• Barclays Reinstates GFL Environmental (GFL) at Overweight
• Canaccord Starts CareDx, Inc (CDNA) at Buy