RBC Capital Maintains Outperform on Ferguson, Raises Price Target to $217
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl has maintained an Outperform rating on Ferguson (NYSE:FERG) and increased the price target from $202 to $217.
March 06, 2024 | 3:04 pm
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POSITIVE IMPACT
RBC Capital has reaffirmed its Outperform rating on Ferguson and raised the price target from $202 to $217.
The increase in price target by a reputable analyst like Mike Dahl signals a strong confidence in Ferguson's future performance. This endorsement is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100