Jefferies analyst Philip Ng believes an asset sale or spin of Masco's Windows and Cabs businesses could unlock shareholder value. While there could be some interested strategic buyers, leverage and timing are real deterrents, which makes private equity the most likely acquirer, Ng tells investors in a research note. After tweaking his sum-of-the-parts and asset sale analysis, the analyst still sees scenarios that could yield 16% upside. Ng raised his price target for Masco to $46 from $43 and keeps a Buy rating on the shares.

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.