Truist analyst Keith Hughes raised the firm’s price target on Ferguson (FERG) to $240 from $200 and keeps a Buy rating on the shares after its Q3 earnings beat and higher FY25 sales forecast. The company’s growth comes versus most peers that are still seeing a contraction in this business, while its volume was positive, led by double-digit gains in HVAC, Waterworks and Commercial/Industrial segments, the analyst tells investors in a research note.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas" href="https://thefly.com/?utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">Try Now>>

>;elm:context_link;itc:0;sec:content-canvas" href="https://www.tipranks.com/screener/analysts-top-stocks/?type=stockAnalysisLanding&utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">See the top stocks recommended by analysts >>

Read More on FERG:

Disclaimer & DisclosureReport an Issue

• Ferguson price target raised to $231 from $189 at RBC Capital

• Ferguson price target raised to $235 from $189 at Oppenheimer

• Ferguson price target raised to $204 from $173 at UBS

• Ferguson price target raised to $230 from $190 at Baird

• Ferguson price target raised to $225 from $198 at BofA