Masco price target raised to $75 from $60 at BMO Capital

BMO Capital raised the firm’s price target on Masco to $75 from $60 and keeps a Market Perform rating on the shares. most investors were expecting a Q4 earnings “beat” but the extent of the upside was a positive surprise, the analyst tells investors in a research note. Masco’s biggest margin lever is volume growth, while the company’s strong balance sheet also provides financial flexibility, the firm added.