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:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.