Nomura Instinet analyst Michael Wood raised his price target for Masco to $50 after the company announced that it intends to explore strategic alternatives for its Cabinets and Windows businesses. This is a logical next step from the company's multiyear turnaround effort, Wood tells investors in a research note. He keeps a Buy rating on Masco.

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.