MasterBrand price target raised to $20 from $18 at Loop Capital

Loop Capital raised the firm’s price target on MasterBrand to $20 from $18 and keeps a Buy rating on the shares as part of a broader research note on Building Products. Cabinet names remain “relative value plays” as one of a select group of building products categories that are not trading at the upper end of historical valuations, the analyst tells investors in a research note. The firm’s price target for the group goes higher towards the middle of an average valuation range in anticipation of improving sales growth later this year and into 2025, Loop Capital added.