Barclays raised the firm’s price target on Fortune Brands Innovations to $89 from $81 and keeps an Overweight rating on the shares. The company’s in-line Q2 report “should drive a muted reaction,” but its new residential exposure and completed high-growth hardware/security acquisition leaves it “primed for accelerated earnings growth,” the analyst tells investors in a research note.
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Read More on FBIN:
- Fortune Brands Innovations price target raised to $90 from $75 at Truist
- Fortune Brands Innovations sees FY23 EPS $3.75-$3.90, consensus $3.81
- Fortune Brands Innovations reports Q2 EPS $1.07, consensus $1.02
- Fortune Brands Innovations price target raised to $72 from $64 at RBC Capital
- Fortune Brands Innovations price target raised to $90 from $87 at Jefferies
