Argus analyst Chris Graja raised his price target on Masco to $54 and kept his Buy rating ahead of its Q4 earnings, noting that while the company has missed consensus in 5 of the past 8 periods, its stock declined in only 3 reported quarters. The analyst adds that the solid remodeling activity will contribute to Masco's growing sales, strong profitability, and improving financial strength. Graja further cites Masco's initiatives to reduce the cyclicality of its business in boosting his operating margin projections for the company, and he expects its higher profitability to result in a larger dividend yield.

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.