Baird analyst David Manthey raised the firm’s price target on Ferguson (FERG) to $262 from $260 and keeps an Outperform rating on the shares. The firm updated it model following Q4 results which suggested the company made share gains amid challenging end markets.
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Read More on FERG:
- Ferguson plc Reports Strong Q4 Amid Residential Challenges
- Cautious Optimism: Hold Rating on Ferguson PLC Amid Strong Performance and Strategic Growth Potential
- Ferguson PLC’s Strategic Growth and Resilience Earns Buy Rating Amid Market Challenges
- Ferguson PLC: Strong Performance and Promising Outlook Justify Buy Rating
- Ferguson price target raised to $225 from $204 at UBS