Truist analyst Keith Hughes lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $65 from $87 and keeps a Buy rating on the shares. The company reported results as expected, but gave a very wide and substantially lower guidance range than what was provided last quarter, with assumptions that include varying levels of weak volume but also much higher tariff exposure than the firm had expected, the analyst tells investors in a research note.
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Read More on FBIN:
- 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
- Fortune Brands Reports Q1 2025 Earnings Amid Challenges
- Fortune Brands Innovations reports Q1 EPS ex-items 66c, consensus 66c
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