BofA lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $49 from $68 and keeps an Underperform rating on the shares. The firm lowered 2025 and 2026 forecasts for the building products names under its coverage by about 4% and 6%, respectively, on average to reflect weaker renovation and remodel spending, slower new construction and potential tariffs impacts, noting that it also lowered price targets among the group by about 17% on average.
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