Barclays Cuts Masco Price Target By 10%

• Barclays analyst Matthew Bouley lowered the price target on Masco Corp (NYSE: MAS) to $75 (an upside of 31.3%) from $83 and maintained an Overweight rating on the shares.

• Softer plumbing margins were the disappointment in the quarter, with supply chain pressures and elevated costs driving the headwinds; however, the pricing implementation into 2022 is likely to drive a near-term recovery, the analyst noted.

• Related: Masco Clocks 9% Sales Growth In Q4; Hikes Dividend

• Recently, KeyBanc analyst Kenneth Zener had lowered Masco’s price target to $72 (an upside of 26%) from $79 on the second half of 2022 cost pressure. The analyst maintained an Overweight rating on the shares.

• Price Action: MAS shares are trading lower by 1.13% at $57.08 on the last check Monday.

Latest Ratings for MAS

Feb 2022	Barclays	Maintains		Overweight
Feb 2022	Keybanc	Maintains		Overweight
Jan 2022	UBS	Initiates Coverage On		Buy

View More Analyst Ratings for MAS
View the Latest Analyst Ratings

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• Masco Clocks 9% Sales Growth In Q4; Hikes Dividend

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