Goldman Sachs Upgrades Masco (MAS) to Neutral

Goldman Sachs upgraded Masco (NYSE: MAS) from Sell to Neutral with a price target of $20.50 as risk/reward is more balanced.

Analyst Eli Hackel comments, "The stock is now below our price target and at these levels we believe risk/reward is more balanced. Our negative view on Masco was related to our expectation for the residential R&R market to lag expectations, our view that the slowdown in new construction was not reflected in consensus estimates, our view of the installation business as non-core and our view of the limited margin expansion potential of paint. We believe these issues are now better understood. Since being added to the Sell list (on 12/8/13), the shares are down 6% vs. the S&P 500 up 4%."

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 $20.10 yesterday.

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