Goldman Sachs analyst Suhasini Varanasi initiated coverage of Ferguson (FERG) with a Buy rating and $280 price target The company’s Q3 results saw continued topline improvement to 5% organic growth, importantly with pricing inflecting to flat levels after six quarters of deflation, the analyst tells investors in a research note. Commodity pricing also continues to be supportive for Ferguson, with potential for the company to benefit from the inflationary impact of U.S. tariffs, the firm added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FERG:
- Ferguson price target raised to 16,100 GBp from 15,000 GBp at Morgan Stanley
- Ferguson Enterprises Joins 2025 Fortune 500 List at 146th Position
- Ferguson price target raised to $220 from $195 at Morgan Stanley
- Ferguson price target raised to $220 from $100 at JPMorgan
- Ferguson downgraded to Hold from Buy at Berenberg
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue