RBC Capital Lifts Ferguson Price Target to $271 Citing Positioning and Market Opportunity
RBC Capital raised its price target on Ferguson Plc. to $271 from $247 and maintained an Outperform rating while trimming its adjusted EBITDA forecasts for calendar years 2026 and 2027 by 1% each. Management’s 2026 guidance was largely in line with expectations and the company reiterated medium-term growth and margin goals. Management also expanded…