Jefferies says specialty plumbing and appliances distributor Ferguson is a high-quality business "poised to take [market] share." The firm upgraded Ferguson to buy from hold. Its new price target of $181 implies shares rallying 28% from Monday's close. "
should be resilient in a downturn, driven by its pricing power, high variable cost structure and capital light model.
Source: News Formal (newsformal.com)
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