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Wells Fargo Sticks to Its Buy Rating for Masco (MAS)
Wells Fargo analyst Sam Reid maintained a Buy rating on Masco today and set a price target of $85.00.
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Reid covers the Consumer Cyclical sector, focusing on stocks such as Toll Brothers, KB Home, and Lennar. According to TipRanks, Reid has an average return of 4.1% and a 54.55% success rate on recommended stocks.
Currently, the analyst consensus on Masco is a Moderate Buy with an average price target of $81.00.
Based on Masco’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.92 billion and a net profit of $213 million. In comparison, last year the company earned a revenue of $1.8 billion and had a net profit of $186 million
Read More on MAS:
Disclaimer & DisclosureReport an Issue
- Masco Corporation Balances Strong Q1 With Cautious Outlook
- Masco Shareholders Approve Governance Changes and Board Elections
- Masco Retains Buy Rating as Analyst Keeps $90 Price Target on Confidence in Long-Term Organic Growth and Margin Expansion
- Masco targets adjusted EPS CAGR of roughly 10% by 2028
- Masco announces $300M accelerated share repurchase
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