tiprankstipranks
Masco price target raised to $61 from $58 at Barclays
The Fly

Masco price target raised to $61 from $58 at Barclays

Barclays analyst Matthew Bouley raised the firm’s price target on Masco to $61 from $58 and keeps an Overweight rating on the shares. The analyst has turned positive on the homebuilder subsector, saying valuations are already priced for a sharp housing recession. He’s now relatively more positive builders versus building products. Bouley sees a "once-in-a-cycle opportunity" to own the early-cycle outperformance phase of homebuilder stocks. The "time is now" for builders, and it is "too early" for building products, Bouley tells investors in a research note.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on MAS:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles