July 7, 2026, 12:40 PM EDT. Ferguson Enterprises (FERG) shares slid 3.08% after Goldman Sachs cut the stock to Neutral from Buy and trimmed its price target, citing soft near-term sales in residential construction and home improvement. The stock also got dropped from the Russell 1000 Growth-Defensive Index, leading to some passive outflows. Ferguson is also set to delist from the London Stock Exchange, which has sparked technical selling as European holders exit. Analysts still have some Buy calls out, with the average target at $283. The move highlights market worries about the company's earnings and bigger shifts in the plumbing and HVAC space.
