On Nov 08, major Wall Street analysts update their ratings for $Fortune Brands Innovations (FBIN.US)$, with price targets ranging from $90 to $100.
Barclays analyst Matthew Bouley maintains with a buy rating, and maintains the target price at $100.
UBS analyst John Lovallo maintains with a buy rating, and adjusts the target price from $104 to $97.
Loop Capital analyst Garik Shmois maintains with a hold rating, and adjusts the target price from $79 to $90.
Truist Financial analyst Keith Hughes maintains with a buy rating, and adjusts the target price from $82 to $92.
Furthermore, according to the comprehensive report, the opinions of $Fortune Brands Innovations (FBIN.US)$'s main analysts recently are as follows:
Fortune Brands Innovations has revised its full-year EPS projections downwards, now anticipating a range between $4.17 and $4.23 as opposed to the original $4.25 to $4.35. In light of this update, earnings forecasts for 2024 and 2025 have been modestly reduced by an analyst, reflecting a 2% and 1% decrease respectively, due to anticipated softer sales.
The assessment indicated that Q3 results had a mixed performance due to subdued sales contrasted with improved margins. Additionally, the full-year outlook has been revised downwards, with the anticipated Q4 earnings per share falling short of market expectations.
Here are the latest investment ratings and price targets for $Fortune Brands Innovations (FBIN.US)$ from 4 analysts:
Note:
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