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FERG - Ferguson: Positive On Both Short- And Long-Term Growth
Ferguson plc
2024-04-10 23:04:36 ET
Summary
Ferguson is recommended as a buy due to an optimistic growth outlook in the near term and long term, supported by leading indicators and a healthy backlog of mega projects.
Organic growth is expected to improve with strong bidding activity and increased demand in waterworks, while pricing trends are favorable.
Continuous investments in automation and expansion of HVAC capabilities strengthen Ferguson's competitive advantage and market position.