Bernstein initiated coverage of Ferguson (FERG) with an Outperform rating and $288 price target The Industrial Distributor Industry has high dispersion with company-specific drivers that make it ripe for stock picking, the firm notes. Bernstein argues that Ferguson has a strongly levered AI story related to a boom in data center capex.
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Read More on FERG:
- Ferguson initiated with a Buy at Vertical Research
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- Ferguson PLC Announces Filing of Proxy Materials and Annual Meeting Details
- Ferguson price target raised to $245 from $225 at JPMorgan