After meeting with management, Wells Fargo analyst Stephen East expects Masco will continue to close the valuation gap versus peers and historical averages. Management believes the business is on an upswing with significant runway in this cycle for earning to grow meaningfully from here, East tells investors in a research note. He agrees the company has "plenty of runway" and views Masco as a "Paint and Plumbing story with both high quality businesses doing well currently." The analyst keeps an Outperform rating on Masco with a $45 price target.

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.