Masco price target raised to $82 from $70 at Wells Fargo

Wells Fargo raised the firm’s price target on Masco (MAS) to $82 from $70 and keeps an Overweight rating on the shares. The firm cites a solid Q1, with impressive Plumbing price and a surprise volume inflection. Furthermore, unlike post Q4, investor questions are skewing more to guide conservatism vs guide too aggressive, adds Wells, saying it is not surprising to see shares trading up.