From Yahoo Finance: 2025-06-05 13:09:00

Wells Fargo analyst Sam Reid raised the price target for Ferguson Enterprises Inc. (NYSE:FERG) from $190 to $230 after the company reported strong Q3 results, including an earnings beat and raised full-year guidance. The company saw improvement in gross margins, stabilized pricing trends, and controlled SG&A expenses, leading to solid organic sales growth. Reid expects this momentum to continue into fiscal 2026, supported by improved earnings quality and strong fundamentals. Ferguson Enterprises Inc. is a leading distributor of plumbing, HVAC, waterworks, and industrial products in North America, serving professional contractors and builders in various markets.



Read more at Yahoo Finance: Wells Fargo Turns More Bullish on Ferguson (FERG), Raises TP