Ferguson Scores Buy Rating as FloWorks Acquisition Boosts High-Margin Growth, Industrial MRO Exposure, and EPS Outlook
Tip Ranks·- Analyst Ryan Merkel from William Blair maintains a bullish stance on FERG stock, assigning a buy rating on July 6. - This rating is supported by the FloWorks acquisition, which enhances Ferguson's growth prospects and reduces reliance on volatile large project revenues. - Bernstein also upheld a buy rating for the stock, setting a target price of $310.00.