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.
Investment summary
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Ferguson: Positive On Both Short- And Long-Term Growth