Goldman Sachs raised the firm’s price target on Masco to $84 from $77 and keeps a Buy rating on the shares. The analyst cites the company’s Q4 earnings beat and above-consensus guidance and believes that the outlook for Masco in 2024 has potential upside to both revenues and profitability. Masco’s consolidated EBIT margin should follow a similar path, moving off the trough as price/cost improves along with greater operating leverage, the firm added.
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