UBS Maintains a 'Neutral' on Masco (MAS); Raising PT to Reflect Housing Stability
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Price: $75.25 +2.55%
Rating Summary:
13 Buy, 17 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
13 Buy, 17 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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UBS maintains a 'Neutral' on Masco (NYSE: MAS) price target raised from $8.25 to $12.25.
UBS analyst said, "Since 11/30 MAS +30% vs. a 6% increase in the S&P 500, primarily driven by recent data that points to a more robust housing recovery. While we think this move was largely warranted, given the increased visibility around the company’s earnings power with housing having bottomed, we believe further upside potential is limited."
"Although the company continues to cut costs and improve its production efficiencies, we expect headwinds to persist...we’re reducing our ‘12E EPS to $0.35 from $0.40; ‘13E has been reduced to $0.75 from $0.90. Forward years have also been adjusted."
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 $12.45 yesterday.
UBS analyst said, "Since 11/30 MAS +30% vs. a 6% increase in the S&P 500, primarily driven by recent data that points to a more robust housing recovery. While we think this move was largely warranted, given the increased visibility around the company’s earnings power with housing having bottomed, we believe further upside potential is limited."
"Although the company continues to cut costs and improve its production efficiencies, we expect headwinds to persist...we’re reducing our ‘12E EPS to $0.35 from $0.40; ‘13E has been reduced to $0.75 from $0.90. Forward years have also been adjusted."
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 $12.45 yesterday.
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