Oppenheimer analyst Scott Schneeberger raised the firm’s price target on Ferguson (FERG) to $280 from $255 and keeps an Outperform rating on the shares. The firm notes Ferguson’s Q4 exceeded expectations top-to-bottom. The company’s Q4 earnings call felt like a mini-Investor Day, as the company outlined its market opportunities and strategy, while also introducing a medium-term outlook, Oppenheimer adds.
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