Truist lowered the firm’s price target on Fortune Brands (FBIN) to $45 from $55 and keeps a Hold rating on the shares. The company reported results in line with consensus but notably lowered its FY26 guidance with a revision reflecting lower volume expectations as cost inflation pressured Q2 outlook, the analyst tells investors in a research note.
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Read More on FBIN:
- Fortune Brands price target lowered to $44 from $46 at Baird
- Fortune Brands reports Q1 EPS ex-items 53c, consensus 53c
- Fortune Brands cuts FY26 EPS view to $3.00-$3.50 from $3.35-$3.65
- Fortune Brands Innovations Adopts Governance Reforms, Declassifies Board
- Fortune Brands price target lowered to $46 from $55 at Baird