Citi analyst Scott Schrier upgraded Masco to Buy and raised his price target for the shares to $44 from $39 after assuming coverage of the Building Products, Construction Materials group. The company offers investors exposure to place and remodel spending with a "clean" balance sheet and "attractive" free cash flow yield, Schrier tells investors in a research note.

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.