Citigroup Initiates Coverage On Masco with Neutral Rating, Announces Price Target of $70
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari initiates coverage on Masco (NYSE:MAS) with a Neutral rating and a price target of $70.

February 02, 2024 | 12:56 pm
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NEUTRAL IMPACT
Citigroup has initiated coverage on Masco with a Neutral rating and a price target of $70.
The initiation of coverage by a major financial institution like Citigroup generally attracts investor attention. A Neutral rating suggests that Citigroup analysts believe Masco's stock is fairly valued at its current price, implying limited upside or downside potential in the short term. The price target of $70 provides a benchmark for investors, but since it's a Neutral rating, it might not significantly impact the stock's short-term movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100