Jefferies analyst Philip Ng downgraded Masco to Hold from Buy with a price target of $51, down from $55, as he sees no imminent catalyst and limited upside to earnings. He we prefers stocks with "more cyclical torque and head room for multiple expansion" in the current trading environment, Ng added. The phase 1 trade deal should reduce the risk of further demand destruction in the opening price point categories, but Ng believes Masco's margins should be "flattish" absent a larger trade deal, he also said.

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.