Barclays raised the firm’s price target on Ferguson (FERG) to $247 from $190 and keeps an Overweight rating on the shares. The firm says growth investments are coming to fruition as Ferguson demonstrates above-market growth, with large-project tailwinds still ahead, inflation turning the right direction, and strong margin execution.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FERG: