Ferguson price target raised to $160 from $138 at Truist

Truist analyst Keith Hughes raised the firm’s price target on Ferguson to $160 from $138 and keeps a Buy rating on the shares. Ferguson’s quarterly results were just above the Street, though EPS was slightly weaker than expected, and guidance that was unchanged, the analyst tells investors in a research note. The firm thinks with non-residential and share gains, Ferguson’s pressure will be less than peers.