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Bernstein Keeps Their Buy Rating on Ferguson PLC (FERG)

Tipranks - Tipranks - Sat Mar 28, 6:41AM CDT

In a report released today, Connor Cerniglia from Bernstein maintained a Buy rating on Ferguson PLC, with a price target of $310.00.

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According to TipRanks, Cerniglia is an analyst with an average return of -2.3% and a 21.43% success rate. Cerniglia covers the Industrials sector, focusing on stocks such as Waste Connections, Waste Management, and Republic Services.

In addition to Bernstein, Ferguson PLC also received a Buy from TipRanks – PerPlexity’s PerPlexity Industrials GB in a report issued on March 24. However, on the same day, TipRanks – OpenAI downgraded Ferguson PLC (LSE: FERG) to a Hold.

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Based on Ferguson PLC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.5 billion and a net profit of $389 million. In comparison, last year the company earned a revenue of $6.87 billion and had a net profit of $276 million

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