Masco price target raised to $79 from $69 at Loop Capital

Loop Capital raised the firm’s price target on Masco to $79 from $69 and keeps a Hold rating on the shares. The company’s Q4 earnings beat was driven by better plumbing sales and higher than anticipated EBIT margins in both segments, the analyst tells investors in a research note. The long term outlook was also stronger than expected and could still be conservative if assuming 3%-5% R&R growth in FY25-26, the firm added.