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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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