Spectrum Brands price target raised to $100 from $89 at RBC Capital

RBC Capital raised the firm’s price target on Spectrum Brands to $100 from $89 and keeps an Outperform rating on the shares. The company reported “solid” Q1 results with headwinds that were “largely as expected”, and the management also reiterated guidance in response, stressing that the company has made material operational improvements and is now going on the offensive by prioritizing top-line growth, the analyst tells investors in a research note.