RBC Capital Downgrades Masco (MAS) to Sector Perform

RBC Capital analyst Mike Dahl downgraded Masco (NYSE: MAS) from Outperform to Sector Perform with a price target of $80.00 (from $79.00).

The analyst comments: "We are downgrading MAS to SP from O but raising our PT to $80 from $79. We continue to believe MAS’s product portfolio provides LT quality and resilience (particularly post Kichler sale), which drive consistent FCF and capital deployment, but we see a balanced risk/reward at current levels. Our ests. nudge lower with our FY’24/’25 Adj. EPS now $4.10/ $4.33 from $4.12/$4.50. While 3Q results came largely in-line, demand risks have risen looking to FY’25 given ongoing rate volatility. Current valuation of ~19x our new FY’25 EPS (~13.5x EBITDA) already captures R&R improvement potential, limiting upside in our view."

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 $81.30 yesterday.

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