RBC Capital Maintains Outperform on Ferguson, Raises Price Target to $177
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl maintains an Outperform rating on Ferguson (NYSE:FERG) and raises the price target from $159 to $177.
September 27, 2023 | 2:58 pm
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RBC Capital maintains an Outperform rating on Ferguson and raises the price target from $159 to $177. This could potentially lead to an increase in the stock's price.
Analyst ratings and price targets can significantly influence the stock price. An Outperform rating suggests that the analyst expects the stock to do better than the market average. Moreover, a raised price target usually indicates an expectation of the stock's price increase, which can lead to increased investor interest and potentially a higher stock price.
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