BMO Capital analyst Ketan Mamtora maintains $Masco (MAS.US)$ with a hold rating, and adjusts the target price from $75 to $85.
According to TipRanks data, the analyst has a success rate of 74.2% and a total average return of 18.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Masco (MAS.US)$'s main analysts recently are as follows:
The upcoming quarterly results for the North America Building Materials sector may not meet expectations, but the market's attention is increasingly turning towards prospects for the year 2025. Despite a growing optimism about housing demand in 2025, there is hesitation to engage heavily with building product companies, as it's believed that the anticipated recovery may already be reflected in their current stock valuations. Specifically for the company in question, it's noted that even though demand for Repair & Remodeling (R&R) remains subdued, there is a slight uptick in the future year estimates, anticipating an improvement in demand correlating with a decline in interest rates.
Observations on the residential building products sector indicate mixed signals, with some respondents noting slightly worsening trends, yet year-over-year growth is observed to be less negative across surveyed categories. It is expected that investors will look beyond the near-term mixed trends, focusing on the anticipation of a recovery starting in 2025.
Note:
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