MasterBrand price target lowered to $15 from $16 at Loop Capital

Loop Capital lowered the firm’s price target on MasterBrand (MBC) to $15 from $16 and keeps a Buy rating on the shares. The firm cites the company’s FY25 guidance revision and notes that given the macro uncertainties, weak consumer confidence, soft new residential and remodeling indicators, and tariff headwinds, this wasn’t surprising as evidence by our recent cabinets survey and previous estimate cuts, the analyst tells investors in a research note.