Masco (MAS) PT Raised to $86 at Evercore ISI

Evercore ISI analyst Stephen Kim raised the price target on Masco (NYSE: MAS) to $86.00 (from $78.00) while maintaining a Outperform rating.

The analyst commented, "Overall, MAS posted both top- and bottom-line beats in the quarter despite navigating a dynamic macro and geopolitical backdrop. Plumbing continued to be supported by pricing, but the slight volume growth in the quarter outperformed the company’s internal expectations. Meanwhile, Dec Arch beat on margins handedly, and management indicated that it considered these results to be representative of a normal 1Q. Concerns around updates to tariff language, specifically section 232, created angst ahead of the print, but were soon put to rest as management indicated that the collective impact of IEEPA, section 232, and section 122 tariffs on a combined basis actually provide a net improvement vs. prior tariff impact guidance. Rising commodity costs were also at the center of investor concerns, and while there is incremental input cost pressure expected, it appears these concerns were overdone given the company’s outlook for the year. FY26 guidance was largely maintained given the uncertain macro environment but appears increasingly conservative."

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