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deutsche bank starts coverage of ferguson enterprises with hold rating and price target

Deutsche Bank has initiated coverage on Ferguson Enterprises with a "Hold" rating and a price target of $174. Ferguson operates as a distributor in North America, offering a wide range of products and solutions in plumbing, HVAC, and infrastructure through its U.S. and Canada segments. The U.S. segment operates under the Ferguson brand, while the Canada segment primarily uses the Wolseley brand, serving both residential and commercial contractors.

Ferguson Enterprises Expands Distribution Network for Plumbing and HVAC Solutions

Ferguson Enterprises Inc. is a leading North American distributor specializing in infrastructure, plumbing, HVAC, and fire solutions through its U.S. and Canada segments. The U.S. operates under the Ferguson brand, while the Canada segment primarily uses the Wolseley brand, catering to both residential and commercial contractors with a wide range of products and services.
17:03 11.12.2024

Ferguson Enterprises Receives Buy Rating from UBS Amid Strong Market Position

Ferguson Enterprises Inc. has received a buy rating from UBS. The company operates as a distributor in North America, providing a wide range of products and solutions in infrastructure, plumbing, HVAC, and fire protection through its Ferguson and Wolseley brands, serving both residential and commercial markets. Its distribution network includes centers, branches, and e-commerce platforms.
17:03 11.12.2024

third point lags behind benchmark despite strong september performance

Dan Loeb's Third Point hedge fund achieved a 2.9% gain in September, outperforming the S&P 500's 2.1%, but remains behind the benchmark for the year with a 15.6% increase compared to 22.1%. Key contributors included Vistra Corp., Amazon, and Meta Platforms, while losses came from Advance Automotive Parts and Airbus. The fund's stock portfolio is currently 75% net long, maintaining its top positions in Pacific Gas & Electric, Amazon, and Taiwan Semiconductor Manufacturing.
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