On Friday, Oppenheimer upgraded Masco Corporation (NYSE:MAS)'s stock rating to Outperform, a change from the previous rating of Perform, with a newly established price target of $89.00.
Masco, a company traded on the New York Stock Exchange under the ticker NYSE:MAS, is now seen by Oppenheimer as an attractive investment due to its specialized portfolio.
Analysts noted that Masco's focus on small ticket products, which have limited exposure to the new residential sector, provides it with a competitive edge against its peers.
The analysts at Oppenheimer have projected an acceleration in earnings per share (EPS) growth for Masco through 2026. This anticipated growth is expected to contribute to an expansion of the company's stock multiple. The $89 price target is based on an 18 times multiple applied to the firm's 2026 EPS estimate.
Masco's strong track record of margin performance was also cited as a contributing factor to the positive outlook. Oppenheimer's analysis suggests that the company's efficient operations and strategic product focus position it well for future growth within the R&R space.
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