Truist raised the firm’s price target on Fortune Brands Innovations (FBIN) to $92 from $82 and keeps a Buy rating on the shares. The company’s Q3 earnings were modestly above the Street but also included a notable reduction to guide for Q4 as China continues to moderately impact results, the analyst tells investors in a research note. Destocking in security and composite decking are driving demand below point-of-sale activity, which in itself should be modestly negative, the firm added.
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Read More on FBIN:
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