Barclays raised the firm’s price target on Fortune Brands Innovations to $95 from $87 and keeps an Overweight rating on the shares. The analyst assays the Q4 beat was driven by “below-the-line items.” Although Q1 demand is starting soft, a ramp is implied in Q2, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FBIN:
- Fortune Brands Innovations Launches $650M Stock Buyback Program
- Fortune Brands Innovations price target raised to $72 from $56 at BofA
- Fortune Brands Innovations initiated with a Perform at Oppenheimer
- Fortune Brands Innovations price target raised to $78 from $61 at Loop Capital
- Fortune Brands Innovations price target raised by $16 at JPMorgan, here’s why
