RBC Capital analyst Nik Modi lowered the firm’s price target on Spectrum Brands (SPB) to $75 from $80 and keeps an Outperform rating on the shares. The company faced supply challenges in 3Q due to shipment halts in response to tariff impacts, which resulted in organic growth falling double digits, the analyst tells investors in a research note. That said, corrective actions taken by the company have fully eliminated its tariff exposure, RBC added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPB:
- Spectrum Brands price target lowered to $95 from $105 at Oppenheimer
- Spectrum Brands price target lowered to $75 from $77 at Canaccord
- Spectrum Brands Reports Q3 2025 Earnings Amid Tariff Challenges
- Spectrum Brands Navigates Tariff Challenges with Optimism
- Spectrum Brands reports Q3 adjusted EPS $1.24, consensus $1.24