Oppenheimer analyst Ian Zaffino raised the firm’s price target on Spectrum Brands (SPB) to $85 from $75 and keeps an Outperform rating on the shares. The firm notes Spectrum’s Q1 revenue of $677M beat its/Street’s $674M/$668M estimates, driven by pet care growth.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 raised to $94 from $84 at Canaccord
- Spectrum Brands Earnings Call: Pet Strength vs. Headwinds
- Spectrum Brands sees FY26 revenue growth flat to low single digits
- Spectrum Brands reports Q1 adjusted EPS $1.40 vs. $1.02 last year
- SPB Upcoming Earnings Report: What to Expect?