Masco price target lowered to $82 from $85 at Wells Fargo

Wells Fargo analyst Sam Reid lowered the firm’s price target on Masco (MAS) to $82 from $85 and keeps an Equal Weight rating on the shares. Amidst a tough builder backdrop, the firm has detected a step-up in interest across its product/distributor coverage in recent weeks, even as questions about R&R recovery/tariffs percolate. Wells’ preference for the Q4 product EPS includes stocks with pricing power, limited discretionary R&R and attractive valuations.