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   <title>Morgan Stanley Upgrades Ferguson Plc. (FERG:LN) (FERGY) to Overweight</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Morgan+Stanley+Upgrades+Ferguson+Plc.+%28FERG%3ALN%29+%28FERGY%29+to+Overweight/24188797.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Annelies Vermeulen upgraded Ferguson Plc. (FERG:LN) (OTC: FERGY) from Equalweight to Overweight with a price target of GBP163.50 (from GBP155.00).&lt;/p&gt;&lt;p&gt;The analyst comments: &quot;We see Ferguson as a quality business, well positioned to continue delivering market share gains through scale advantage, technology and a superior customer offer, while margin upside should stem from rising own-brand sales and productivity gains. The group is now less exposed to a cyclical downturn, with two-thirds of revenues now RMI driven. With a leadership position in most of its markets, Ferguson should benefit from winning outsized share on mega-projects, though we note most</description>
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   <pubDate>Thu, 09 Jan 2025 04:34:03 -0400</pubDate>
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