Masco price target raised to $62 from $56 at Loop Capital

Loop Capital raised the firm’s price target on Masco to $62 from $56 and keeps a Hold rating on the shares. The analyst is citing expectations of multiple expansion in the building products space over the last several years on hopes that rates have peaked heading into next year. The firm also states that Masco’s incoming CFO Rick Westenberg is a capable leader who will effectively move Masco forward in executing its existing strategy.