Barclays raised the firm’s price target on Fortune Brands Innovations to $86 from $84 and keeps an Overweight rating on the shares. The Q2 earnings beat was driven by better gross margins, largely in Security, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FBIN:
- Is FBIN a Buy, Before Earnings?
- Fortune Brands Innovations price target lowered to $79 from $82 at Loop Capital
- Fortune Brands Innovations price target lowered to $84 from $90 at Barclays
- Fortune Brands Innovations price target lowered to $75 from $92 at Truist
- Fortune Brands Innovations EVP Sheri Grissom Announces Retirement