Baird downgraded Hillman Solutions (HLMN) to Neutral from Outperform with a price target of $9, down from $12. The firm has concerns over the company’s tariff exposure and inherent price pass-through inefficiencies. While Hillman will eventually get back on top of tariff-driven pricing, it will take time, as it did to recover from spiking supply chain costs during 2021 to 2023, the analyst tells investors in a research note. Baird believes an uncertain economy is also likely not favorable to home improvement retail foot traffic.
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- Hillman Solutions Faces Tariff Challenges and Strategic Uncertainties, Justifying Hold Rating
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