Barclays Maintains Overweight on Ferguson, Raises Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley maintains an Overweight rating on Ferguson (NYSE:FERG) and raises the price target from $159 to $175.
May 24, 2023 | 9:36 am
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POSITIVE IMPACT
Barclays maintains an Overweight rating on Ferguson and raises the price target from $159 to $175.
Barclays' decision to maintain an Overweight rating on Ferguson and raise the price target from $159 to $175 indicates a positive outlook for the stock. This news is likely to have a positive impact on the stock price in the short term as it reflects the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100