Argus analyst Chris Graja raised his price target on Masco to $48 and kept his Buy rating, saying the company's expected completion of divestiture of its Cabinetry and Window businesses has the potential to raise its margins and make earnings growth more consistent. The analyst is also updating his dividend discount model assumptions for Masco with a lower cost of equity at 9% vs. 9.25% in the "early years" of his forecasts, while noting that the overall repair and remodel market from which the company derives 85% of its sales is starting to have additional upside.