Masco price target raised to $72 from $67 at RBC Capital

RBC Capital raised the firm’s price target on Masco (MAS) to $72 from $67 and keeps a Sector Perform rating on the shares after its Q1 earnings beat. Strong pricing and resilient volumes in Plumbing, with strong Pro Paint are offsetting weak DIY Paint and rising raw material costs, the analyst tells investors in a research note. RBC adds however that it maintains caution on the second half of the year margins due to a lag in raw materials and unknowns around demand and tariffs.