UPDATE: Jefferies Initiates Coverage on Masco on Fair Valuation
September 26, 2013 at 10:53 AM EDT
In a report published Thursday, Jefferies analyst Philip Ng initiated coverage on Masco Corporation (NYSE: MAS ) with a Hold rating and $24.00 price target. In the report, Jefferies noted, “While MAS has some of the best brands and its Cabinets business is finally turning the corner, we believe the