Fortune Brands Innovations price target lowered to $63 from $65 at Barclays

Barclays lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $63 from $65 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the homebuilding and building products group as part of its 2026 outlook. Barclays expects another year of declines in single-family housing starts, saying the housing market “remains far from balanced.” This leaves the homebuilder stocks “volatile, with no cycle call to be made,” the analyst tells investors in a research note. Barclays believes building products and brokerage names can outperform despite weakness in new residential. It views building products and distributors as more compelling than homebuilders entering 2026.