RBC Capital analyst Mike Dahl upgraded Fortune Brands Innovations (FBIN) to Outperform from Sector Perform with a price target of $65, up from $59. The firm cites the company’s stronger Q2 report and “more manageable” tariff exposure for the upgrade. RBC now sees a better price/cost balance for Fortune Brands. A “cleaner” earnings setup and attractive valuation creates a more favorable risk/reward for the shares, the analyst tells investors in a research note.
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