Jefferies Believes Masco Corp (NYSE: MAS) Won’t Stop Here

By Ryan Adsit

In a report released today, Laurence Alexander from Jefferies reiterated a Buy rating on Masco Corp (NYSE: MAS), with a price target of $45. The company’s shares closed yesterday at $38.57, close to its 52-week high of $39.37.

According to TipRanks.com, Alexander is a top 100 analyst with an average return of 12.0% and a 67.0% success rate. Alexander covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and GCP Applied Technologies.

Currently, the analyst consensus on Masco Corp is Strong Buy and the average price target is $41, representing a 6.3% upside.

In a report issued on July 17, RBC Capital also reiterated a Buy rating on the stock with a $43 price target.

The company has a one year high of $39.37 and a one year low of $29.38. Currently, Masco Corp has an average volume of 2.66M.

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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.