Ferguson: Upgrade To Buy On Solid Execution And Growth Outlook

Group 1 - The previous investment stance on Ferguson (NYSE: FERG) was a hold rating due to concerns about weakness in the residential segment, despite strong performance in HVAC and Waterworks [1] - The focus is on long-term investments while also considering short-term opportunities to uncover alpha [1] - The investment strategy is based on bottom-up analysis, assessing the fundamental strengths and weaknesses of individual companies [1] Group 2 - The investment duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]