BUZZ-Masco falls after Jefferies cuts to 'hold', lowers PT

Reuters12-16

** Home building products maker Masco Corp's shares fall 1.7% to $77.44 premarket

** Jefferies downgrades rating to "hold" from "buy", citing softening demand for wallboard and cement products

** Says, "in the current macro backdrop we expect demand to remain soft in H1 2025, and to see a gradual recovery in H2 2025"

** Brokerage cuts PT to $89 from $96, still representing a 13% upside to the stock's last close

** Nine brokerages rate the stock "buy" or higher, thirteen "hold" and one "sell" or lower; their median PT is $88 - LSEG data

** As of last close, stock had risen 17.6% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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