BUZZ-Ferguson: broker boost
** Plumbing & heating supplier Ferguson, formerly Wolseley (Frankfurt: A1W7PR - news) , up 2 pct, near top of FTSE 100
** Citi upgrades co to "buy" saying upcoming FY results (Oct (Shenzhen: 000069.SZ - news) 3) likely to be key catalyst for stock and will give a clearer view on group's capital allocation strategy
** "We believe the shares look good value given the potential for organic and inorganic growth opportunities and share buybacks supported by FCF yield of 6 pct," Citi says
** Out of 26 brokerages, 14 have "buy" or higher and 12 "hold"