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Benzinga

Business

Akanksha Bakshi

JPMorgan Upgrades Masco To Neutral - Read Why

Mas (Organization) JPMorgan NYSE United States Europe Russia

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.

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