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Fortune Brands Innovations price target lowered to $63 from $65 at RBC Capital

RBC Capital analyst Mike Dahl lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $63 from $65 and keeps an Outperform rating on the shares. The company delivered a mixed Q3 and a weaker Q4 guide, though the buy-side already expected this and sentiment was negative into the print, the analyst tells investors in a research note.

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