RBC Capital Downgrades Masco to Sector Perform, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl has downgraded Masco (NYSE:MAS) from Outperform to Sector Perform, while slightly raising the price target from $79 to $80.
October 30, 2024 | 10:21 am
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RBC Capital has downgraded Masco from Outperform to Sector Perform, indicating a more cautious outlook. However, the price target has been slightly increased to $80, suggesting some positive expectations.
The downgrade from Outperform to Sector Perform suggests a less optimistic view on Masco's stock performance relative to its sector peers. However, the slight increase in the price target to $80 indicates that there is still some positive sentiment about the company's future prospects. This mixed message may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100