UBS Maintains Buy on Ferguson, Raises Price Target to $170
Portfolio Pulse from richadhand@benzinga.com
UBS analyst John Lovallo maintains a Buy rating on Ferguson (NYSE:FERG) and raises the price target from $165 to $170.

June 07, 2023 | 12:36 pm
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UBS analyst John Lovallo maintains a Buy rating on Ferguson and raises the price target from $165 to $170.
The UBS analyst's decision to maintain a Buy rating and raise the price target for Ferguson indicates a positive outlook for the stock. This news is likely to be seen as a positive signal by investors, potentially leading to an increase in demand for the stock and a short-term upward price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100