Masco price target raised to $85 from $72 at Argus

Argus analyst Chris Graja raised the firm’s price target on Masco to $85 from $72 and keeps a Buy rating on the shares. The firm is citing the company’s Q4 earnings beat, noting that the management did a good job executing the business plan in a very difficult market, the analyst tells investors in a research note. Masco’s business transformation left it better prepared for the economic turbulence resulting from COVID-19, supply-chain disruptions, a soft European economy, Federal Reserve rate hikes, and a slowing housing market, the firm added.