BofA lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $76 from $80 and keeps an Underperform rating on the shares. Fortune lowered its full year EPS guidance to $4.17-$4.23 from $4.25-$4.35, notes the analyst, who lowers the firm’s “below consensus” 2024 and 2025 EPS forecasts by 2% and 1%, respecitvely, on weaker sales.
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