Wells Fargo Starts Masco (MAS) at Outperform; Exposure To Consistent Businesses

Wells Fargo initiates coverage on Masco (NYSE: MAS) with an Outperform. PT $18-$19.

Analyst, Adam Rudiger, said, "While MAS's cabinet and installation businesses may continue to struggle in 2012 given depressed residential construction, MAS has very strong leverage to an improving housing market and we believe there is the potential for the company to report several years of improving revenue, margin, and earnings. In the meantime, we believe MAS's plumbing and paint businesses offer significant value and should support the company until it can restore profitability in all segments. Our EPS estimates for 2012 and 2013 are $0.37 and $0.69, respectively."

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 $12.36 yesterday.

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