Ferguson initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Suhasini Varanasi initiated coverage of Ferguson (FERG) with a Buy rating and $280 price target The company's Q3 results saw continued topline improvement to 5% organic growth, importantly with pricing inflecting to flat levels after six quarters of deflation, the analyst tells investors in a research note. Commodity pricing also continues to be supportive for Ferguson, with potential for the company to benefit from the inflationary impact of U.S. tariffs, the firm added.
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