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Ferguson price target raised to $220 from $195 at Morgan Stanley

Morgan Stanley analyst Annelies Vermeulen raised the firm’s price target on Ferguson (FERG) to $220 from $195 and keeps an Overweight rating on the shares after updating the firm’s model for the Q3 results and upgraded FY25 guidance. Following the updates, the firm’s FY25 and FY26 EPS estimates are up by 7% and 9%, respectively, the analyst noted.

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