Wells Fargo Maintains Overweight on Masco, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Deepa Raghavan has maintained an Overweight rating on Masco Corporation (NYSE:MAS) and increased the price target from $58 to $70. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from the previous target.
December 06, 2023 | 5:24 pm
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Wells Fargo analyst Deepa Raghavan has reaffirmed an Overweight rating on Masco and raised the price target to $70, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst typically signals confidence in the company's future performance and can lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100