ISI Reiterates Hold Rating on Masco (MAS)

International Strategy & Investment Group Inc. is out with a research report this afternoon, where it reiterates its Hold rating on Masco Corp. MAS. The ISI analysts noted that MAS's recently quarterly results were poor and that they expect these trends to continue through 1H. The analysts also noted that Cabinets and Installation Services remain the “problem child” segments, taking a big step down from small improvements in 1H. Masco is the most levered name in their coverage space to a housing recovery, though with housing data likely to be weak for the next few months, the analysts remain on the sidelines.