Jefferies Maintains Buy on Ferguson, Raises Price Target to $244
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philip Ng maintains a Buy rating on Ferguson (NYSE:FERG) and raises the price target from $222 to $244.
March 06, 2024 | 2:32 pm
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Jefferies analyst Philip Ng reaffirms a Buy rating on Ferguson and increases the price target from $222 to $244.
The upgrade in price target by a reputable analyst like Philip Ng from Jefferies is a strong positive signal for Ferguson. It suggests an optimistic outlook on the company's future performance and potential for stock price appreciation. Such endorsements often lead to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100