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Ferguson price target raised to $231 from $189 at RBC Capital

RBC Capital raised the firm’s price target on Ferguson (FERG) to $231 from $189 and keeps an Outperform rating on the shares after its Q3 earnings beat and continued strength expected in Q4. RBC sees the company’s positive inflection in price as a key catalyst that should ramp into FY26, with FERG’s price discipline and ability to drive a gross margin rebound while still taking share also surprising to the upside, the analyst tells investors in a research note.

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