Ferguson upgraded to Overweight from Neutral at JPMorgan. JPMorgan analyst Emily Biddulph upgraded Ferguson to Overweight from Neutral while lowering her price target for the shares to GBP 59.50 from GBP 63.50. The post-earnings selloff is overdone and the stock should re-rate higher in the second half of the year, Biddulph tells investors in a research note.
Ferguson downgraded to Neutral from Overweight at JPMorgan. JPMorgan analyst Emily Biddulph downgraded Ferguson to Neutral and lowered her price target for the shares to EUR 63.50 from EUR 69.14. The analyst sees a worsening outlook for the company's cash flow.