Loop Capital lowered the firm’s price target on Fortune Brands Innovations (FBIN) to $77 from $90 and keeps a Hold rating on the shares as part of a broader research note on Building Materials names. The firm is reducing its 2025 single-family residential construction expectations to up low single digits from mid single digits due to multiple headwinds that have either not improved or accelerated over the last 90 days, including ongoing affordability concerns and rising inventory of unsold new homes, the analyst tells investors in a research note. Loop adds however that the firm expects a recovery to materialize in the second half of 2025 or 2026, assuming the near term headwinds subside.
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