Ferguson falls marginally after Berenberg downgrades to 'hold'

ReutersJun 5, 2025 10:02 AM

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Ferguson Enterprises' FERG.N shares fall slightly to$215 premarket

Berenberg cuts rating to 'hold' from 'buy', but increases PT to $215 from $200, downside of nearly 1% to stock's last close

Brokerage expects short-term slowdown in underlying market growth in 2025 due to inflationary and interest-rate pressures

However, Berenberg notes that co is set to deliver robust medium-term due to internal and external factors

"We view the U.S. construction market as a favourable end-market for Ferguson in the long term," - Berenberg says

Brokerage raises 2025 adj. EPS estimate to $8.95 from $8.64

As of last close, stock up 24.5% YTD

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