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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Read More on HLMN:
- Hillman Solutions Faces Tariff Challenges and Strategic Uncertainties, Justifying Hold Rating
- Hillman Solutions price target lowered to $8 from $11 at Barclays
- Hillman Solutions: Strategic Positioning and Pricing Adjustments Mitigate Tariff Concerns
- Hillman Solutions: Promising Growth Amidst Market Challenges with ‘Buy’ Rating
- Hillman Solutions price target lowered to $12 from $14 at Baird