JPMorgan Upgrades Masco To Neutral - Read Why
- Masco Corp (NYSE: MAS) has been upgraded to Neutral from Underweight by JPMorgan analyst Michael Rehaut, with a price target of $62.
- Rehaut noted MAS's below-average exposure to U.S. new residential construction should allow for a lower cyclicality and vulnerability to a housing slowdown.
- However, the analyst warned about the company's Europe exposure, impacted by the ongoing Russia/Ukraine conflict.
- Also Read: Masco's Behr Paint Enters NFT Space In Partnership With Doodles
- Price Action: MAS shares are trading lower by 2.91% at $53.31 on the last check Wednesday.
Latest Ratings for MAS
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2022 | Barclays | Maintains | Overweight | |
| Feb 2022 | Keybanc | Maintains | Overweight | |
| Jan 2022 | UBS | Initiates Coverage On | Buy |
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