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.

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