MasterBrand price target raised to $23 from $20 at Loop Capital

Loop Capital raised the firm’s price target on MasterBrand to $23 from $20 and keeps a Buy rating on the shares as part of a broader research note on Cabinets. The firm is citing its Q3 survey of cabinet manufacturers and dealers reporting an improvement in growth rates across sales and outlook metrics, adding that it now believes that the big-ticket remodel cycle – under pressure for six quarters – is bottoming, the analyst tells investors in a research note.