Evercore ISI analyst Stephen Kim lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $55 from $63 and keeps an In Line rating on the shares. The company missed top-line expectations in Q3, but earnings came in line with forecasts, the analyst tells investors in a research note. The firm added that sales fell short across most segments, with Water Innovations and Outdoors underperforming expectations, while Security outperformed in sales but lagged in margins.
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