JP Morgan Maintains Neutral on Masco, Raises Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut has maintained a Neutral rating on Masco Corporation (NYSE:MAS) but increased the price target from $58 to $69.
December 14, 2023 | 12:19 pm
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JP Morgan analyst Michael Rehaut maintains a Neutral rating on Masco but raises the price target from $58 to $69.
The increase in price target by JP Morgan suggests a positive outlook on the value of Masco's stock, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100