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Ferguson price target raised to $230 from $190 at Wells Fargo

Wells Fargo raised the firm’s price target on Ferguson (FERG) to $230 from $190 and keeps an Overweight rating on the shares. The firm says that this was a solid quarter from just about every vantage, well ahead of virtually everyone into Q3 EPS. Shares are justifiably up, and Wells sees potential for momentum into FY26.

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