Oppenheimer initiated coverage of Ferguson (FERG) with an Outperform rating and $234 price target The firm likes Ferguson’s leadership position in the “attractive” building and remodeling products distribution industry. The company possesses top four market shares across each of the nine customer sub-categories in which it operates, the analyst tells investors in a research note. Opco believes Ferguson’s organic growth should continue to outpace that of its markets.
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