Masco (MAS) PT Lowered to $66 as Jefferies Sees Signs of Slowing Growth

Jefferies analyst Philip Ng lowered the price target on Masco (NYSE: MAS) to $66.00 (from $71.00) after recent comments from SHW, HD, LOW and SMG, we are seeing signs that growth in DIY is slowing, with May seeing a more modest sequential uplift after a strong start to the year and lapping tough comps.

The analyst reiterated a Hold rating noting that with "~58% of MAS's sales in DAP segment in DIY paint, we are trimming our estimates and could see shares trading sideways."

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