Ferguson Enterprises marginally up premarket after Barclays hikes target price

Ferguson Enterprises

04/06/2025 11:36

** Ferguson Enterprises FERG.N marginally up to $212 in pre-market trading

   ** Co trading at its highest level since Dec 2024

   ** Noting robust Q3 results, Barclays raises PT from $190 to $247, an upside of 16.9% to the stock's last close; maintains "overweight" rating

   ** "Although we suspect the FY guidance raise was mostly driven by 3Q strength, we think the tailwinds visible in 3Q should persist or improve even past 4Q"- Barclays

** Barclays raises 2025 adj EPS forecast from $8.81 to $9.43

** 14 brokerages rate it "buy" or higher, 8 rate it "hold"; median PT is $210- data compiled by LSEG

** YTD, stock up 21.8%, as of last close

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))