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Stock impact report

Ferguson (FERG) Exhibits Impressive Growth Through Data Center and Large Project Work [Yahoo! Finance]

Ferguson Enterprises Inc. (FERG) 
Company Research Source: Yahoo! Finance
Ferguson Enterprises Inc. (NYSE: FERG ) is one of the 10 best trading and distribution stocks to buy On February 25, Truist increased the firm's price target on Ferguson Enterprises Inc. (NYSE:FERG) from $260 to $300. The firm maintained its Buy rating on the shares, which offer an adjusted upside of more than 30% at the prevailing level. The firm noted that the company continues to deliver revenue growth, driven by strength in its non-residential businesses along with some contribution from inflation. ivan-bandura-Ac97OqAWDvg-unsplash Truist added that demand from data center projects and other large-scale work has helped Ferguson's growth stand out over the past year, though comparisons are now becoming more challenging. That said, the firm believes Ferguson's ability to generate growth in tougher markets remains notable, supported by its combination of steady revenue gains and relatively low volatility. On February 25, Scott Schneeberger from Oppenheimer increased the firm Show less Read more
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