Wells Fargo upgraded Ferguson to Overweight from Equal Weight with a price target of $210, up from $175. While valuations in the homebuilding and building product group are possibly discounting future rate relief, “there’s still juice in the housing tank,” the analyst tells investors in a research note. The firm says it likes “just about everything” when taking a longer view of Ferguson.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FERG: