Ferguson Enterprises marginally up premarket after Barclays hikes target price

Ferguson Enterprises FERG.N marginally up to $212 in pre-market trading

Co trading at its highest level since Dec 2024

Noting robust Q3 results, Barclays raises PT from $190 to $247, an upside of 16.9% to the stock's last close; maintains "overweight" rating

"Although we suspect the FY guidance raise was mostly driven by 3Q strength, we think the tailwinds visible in 3Q should persist or improve even past 4Q"- Barclays

Barclays raises 2025 adj EPS forecast from $8.81 to $9.43

14 brokerages rate it "buy" or higher, 8 rate it "hold"; median PT is $210- data compiled by LSEG

YTD, stock up 21.8%, as of last close