BofA analyst Rafe Jadrosich lowered the firm’s price target on Fortune Brands (FBIN) to $42 from $52 and keeps an Underperform rating on the shares. The firm expects Q1 earnings at the low-end of guidance for most building product manufacturers and distributors and lowers its 2026 and 2027 EPS forecasts for the building products companies under coverage by 4% and 3%, respectively, the analyst tells investors in an earnings preview for the group.
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