RBC Capital Sticks to Its Buy Rating for Masco Corp

By Austin Angelo

RBC Capital analyst Robert Wetenhall reiterated a Buy rating on Masco Corp (NYSE: MAS) today and set a price target of $43. The company’s shares opened today at $36.85, close to its 52-week high of $37.58.

According to TipRanks.com, Wetenhall is a top 100 analyst with an average return of 12.6% and a 76.8% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Masonite International.

Currently, the analyst consensus on Masco Corp is Strong Buy and the average price target is $40.38, representing a 9.6% upside.

In a report issued on May 17, MKM Partners also maintained a Buy rating on the stock with a $43 price target.

The company has a one year high of $37.58 and a one year low of $29.11. Currently, Masco Corp has an average volume of 3.11M.

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Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools. The Decorative Architectural Products segment offers paints and coating products; and cabinet, door, window, and other hardware. The Cabinetry Products segment comprises of assembled kitchen and bath cabinets; home office workstations; entertainment centers, and storage products. The Windows and Other Specialty Products segment consists of windows; window frame components; patio doors; staple gun tackers; staples, and fastening tools. The company was founded by Alex Manoogian in 1929 and is headquartered in Taylor, MI.