Baird lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $90 from $94 and keeps a Neutral rating on the shares. The firm said Q3 results were mixed overall with weaker sales, better margins, while full-year guidance was lowered with Q4 implied EPS below the Street.
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Read More on FBIN:
- Fortune Brands Reports Margin Growth Amid Sales Decline
- Fortune Brands Innovations reports Q3 EPS $1.16, consensus $1.14
- FBIN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Fortune Brands Innovations price target raised to $95 from $84 at BMO Capital
- Fortune Brands Innovations price target raised to $94 from $82 at Baird