BMO Capital analyst Ketan Mamtora lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $80 from $90 and keeps a Market Perform rating on the shares. The company’s Q4 results and FY25 guidance came in below consensus estimates, and while some issues are transitory, demand softness is likely to persist for the next couple of quarters, the analyst tells investors in a research note.
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