Deutsche Bank Downgrades Masonite International to Hold, Raises Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Joe Ahlersmeyer downgraded Masonite International (DOOR) from Buy to Hold while raising the price target from $115 to $133.
February 12, 2024 | 4:42 pm
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NEUTRAL IMPACT
Masonite International was downgraded by Deutsche Bank from Buy to Hold, though the price target was increased from $115 to $133.
The downgrade to Hold suggests a neutral outlook on the stock's immediate price movement, indicating that the stock might not have much upside potential in the short term. However, the increase in the price target to $133 from $115 shows a positive view on the company's value, which could counterbalance the downgrade's impact. The mixed signals might lead to a neutral short-term price direction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100