Masco initiated with a Perform at Oppenheimer

Oppenheimer initiated coverage of Masco with a Perform rating, down from the firm’s previous Outperform rating. Exposure to the repair-and-remodel market should make 2024 “another year of below-trend growth” and the risk-reward for shares appears fair with the stock having outperformed the S&P 500 significantly the past three months, the analyst tells investors.