|Over a week ago|
Masco price target raised to $54 from $48 at Deutsche Bank » 07:1206/2306/23/20
Deutsche Bank analyst…
Deutsche Bank analyst Seldon Clarke raised the firm's price target on Masco to $54 from $48 and keeps a Buy rating on the shares. The analyst believes revenue declines in building products appear to have bottomed in April with the strength of the rebound coming as a surprise to most management teams. Clarke raised 2020 forecasts across the board and remain largely optimistic about the outlook for shares of building product companies amid the combination of low interest rates and accelerating growth expectations.
Masco price target raised to $54 from $45 at Baird » 08:5006/1706/17/20
Baird analyst Timothy…
Baird analyst Timothy Wojs raised the firm's price target on Masco to $54 from $45 and keeps an Outperform rating on the shares. The analyst raised his estimates following the company's Q2 update where the outlook included growth improvements in bot segments and less bad decrementals. He also believes share buybacks could be reinstated earlier than he is modeling.
Masco management to meet virtually with SunTrust » 08:4406/1706/17/20
Virtual Meeting to be…
Virtual Meeting to be held on June 17 hosted by SunTrust.
Masco price target raised to $51 from $40 at RBC Capital » 08:2906/1706/17/20
RBC Capital analyst Mike…
RBC Capital analyst Mike Dahl raised the firm's price target on Masco to $51 from $40 and keeps an Outperform rating on the shares. The analyst cites a sharper than expected improvement in demand as disclosed by the company's updated Q2 outlook, noting that the stock is a "best-in-class name with one of the most resilient portfolios". Dahl also raises his FY20 EPS view on Masco to $2.34 from $1.85 and F21 to $2.67 from $2.32.
Masco price target raised to $58 from $52 at SunTrust » 08:1906/1706/17/20
SunTrust analyst Keith…
SunTrust analyst Keith Hughes raised the firm's price target on Masco to $58 from $52 and keeps a Buy rating on the shares after the company raised its Q2 revenue guidance with a "less negative incremental margin". Positive trends in paint and less negative trends in plumbing are driving the results, even though the product sales in the latter are still struggling with CA-driven closures of its spa business, the analyst tells investors in a research note.
Masco raises Q2 revenue view to down 8% from down 15%-20%, consensus $1.48B » 09:0406/1606/16/20
Due to a better than…
Due to a better than anticipated rebound in sales during the quarter, Masco now expects Q2 sales to be down approximately 8% versus prior year excluding currency, compared to the previously announced anticipated sales decrease of 15%-20%. Q2 sales in the plumbing products segment are expected to be down approximately 19% excluding currency, and in the decorative architectural products segment sales are expected to increase approximately 6%. With the anticipated increased sales, Masco expects decremental margins in Q2 to be stronger than the previously announced range of 35%-40%.
|Over a month ago|
Tesla initiation among today's top Wall Street calls » 09:4105/2905/29/20
TSLA, MCO, SPGI, PII, MAS, BLMN, CHUY, TXRH
Check out today's top…
Masco double downgraded to Market Perform at Raymond James » 07:0405/2905/29/20
Raymond James analyst Sam…
Raymond James analyst Sam Darkatsh double downgraded Masco to Market Perform from Strong Buy without a price target. Darkatch says his prior thesis has played out, and sentiment for the shares is "overly exuberant." Additionally, the analyst says EPS growth may be impaired going forward given high unemployment/friction with China, a lack of share repurchases, and tough paint comparisons.
Masco downgraded to Market Perform from Strong Buy at Raymond James » 05:1605/2905/29/20
Raymond James analyst Sam…
Raymond James analyst Sam Darkatsh downgraded Masco to Market Perform from Strong Buy without a price target. The analyst says the thesis has played out.
Masco initiated with an Outperform at Credit Suisse » 16:1905/2705/27/20
Credit Suisse analyst…
Credit Suisse analyst Adam Baumgarten initiated coverage of Masco with an Outperform rating and $55 price target. Following its divestitures, the company's segments have more resilient margins thanks to its strong brands and pricing power, the analyst tells investors in a research note. Declines in raw material prices are also a net positive for Masco's Plumbing and Paint margin, the analyst states.