Masco falls after Jefferies cuts to 'hold', lowers PT

Masco

16/12/2024 11:17

** Home building products maker Masco Corp's shares  MAS.N 
fall 1.7% to $77.44 premarket
    ** Jefferies downgrades rating to "hold" from "buy", citing
softening demand for wallboard and cement products
    ** Says, "in the current macro backdrop we expect demand to
remain soft in H1 2025, and to see a gradual recovery in H2
2025"
    ** Brokerage cuts PT to $89 from $96, still representing a
13% upside to the stock's last close
    ** Nine brokerages rate the stock "buy" or higher, thirteen
"hold" and one "sell" or lower; their median PT is $88 - LSEG
data
    ** As of last close, stock had risen 17.6% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))