2024-06-30 03:23:22 ET
Summary
- Ferguson has had a strong run-up in 2023 but is now cooling off, facing deflation issues that could impact revenues.
- FERG is a market leader in various sectors in North America, with a $340 billion market opportunity and strong financial performance.
- Despite a premium valuation, FERG's technical analysis suggests a correction may be imminent, making it a potential buy at $180 for long-term growth.
Thesis
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Ferguson plc: A Market Leader Trading At A Premium Valuation