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CIBC cuts stake in Masco, but the company beats earnings forecasts with a "Moderate Buy" rating.
CIBC Private Wealth Group LLC reduced its stake in Masco Co. by 2.7% in the 4th quarter, holding about 0.18% of the company's shares.
Masco reported EPS of $0.89, beating forecasts, and has a "Moderate Buy" rating with a price target of $86.32.
Norges Bank recently acquired a $129.31 million position in Masco, representing 0.83% ownership.
The company's stock has a PE ratio of 18.50 and a beta of 1.24.
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