Canaccord raised the firm’s price target on Spectrum Brands (SPB) to $84 from $75 and keeps a Buy rating on the shares. The firm said they reported Q4 results with sales slightly below expectations on the top line, about 3% below for adjusted EBITDA, and well ahead on EPS given a favorable tax rate and lower share count. Canaccrod said with a clearer tariff picture, they believe that the stock is primed to outperform once pet ownership trends bottom, and get a little help on the weather front.
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