Barclays lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $64 from $68 and keeps an Overweight rating on the shares. The company’s’ tariff headwind is “both better than feared but may not be viewed as conservative,” the analyst tells investors in a research note. The firm says the stock’s valuation still embeds larger headwinds and the risk/reward is favorable.
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Read More on FBIN:
- Fortune Brands Innovations Earnings Call: Mixed Outlook
- Fortune Brands Innovations price target lowered to $65 from $87 at Truist
- Fortune Brands Innovations price target lowered to $82 from $90 at UBS
- Fortune Brands Innovations price target lowered to $59 from $70 at RBC Capital
- Fortune Brands Innovations price target lowered to $54 from $56 at Baird
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