UBS analyst Peter Grom raised the firm’s price target on Spectrum Brands to $87 from $84 and keeps a Buy rating on the shares. The performance of Spectrum Brands continues to hinge on the outcome of the trial for the sale of its Hardware & Home Improvement business, but UBS continues to believe that the risk/reward is attractive, the analyst tells investors in a research note.
Published first on TheFly
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- Spectrum Brands initiated with a Buy at Canaccord
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