Ryan Merkel Reaffirms Buy on Ferguson, Backed by Solid Demand Trends and Mid-Single-Digit Organic Growth Outlook
Tip Ranks·- William Blair analyst Ryan Merkel reaffirmed his buy rating on Ferguson on August 21 due to solid demand trends and favorable end-market mix. - Data from the July American Supply Association survey showed faster-than-expected same-day sales growth, supported by strong HVAC activity and large-scale projects. - The analyst maintains a mid-single-digit organic growth forecast, underpinned by a moderately expanding residential market and stronger non-residential growth.