BofA/Merrill analyst John Lovallo initiated Masco with a Buy and a $41 price target. The analyst is positive on its residential repair and remodel end market exposure, its approach to capital allocation, and strong free cash flow.

Loop Capital lowered the firm's price target on Masco to $76 from $79 and keeps a Hold rating on the shares. The company reported a solid beat on the back of stronger-than-expected plumbing margins, but while its FY24 guidance was only reiterated, with no imminent negative change in trend expected in Q2, this outlook is "potentially conservative", the analyst tells investors in a research note. Masco is executing well despite weak volumes, but the firm still wants better visibility as the margin for error with investors has narrowed, Loop added.