Barclays raised the firm’s price target on Ferguson (FERG) to $295 from $278 and keeps an Overweight rating on the shares. The company has milt-year tailwinds as it continues to capitalize on its scale and leverage in large capital projects across multiple verticals, the analyst tells investors in a research note.
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: Solid Near-Term Execution and Long-Term Growth Drivers Underpin Buy Rating
- Ferguson: Conservative 2026 Outlook, Secular Growth Drivers, and AI Efficiencies Support Buy Rating and Top-Pick Status
- Ferguson price target raised to $271 from $247 at RBC Capital
- Ferguson reports Q4 EPS $1.99, consensus $1.95
- Ferguson sees FY26 revenue growth low to mid-single digits