Barclays lowered the firm’s price target on Fortune Brands Innovations to $84 from $90 and keeps an Overweight rating on the shares. The analyst expects guidance and estimate reductions across the homebuilding and building products space this earnings season, but says sentiment is “already downbeat and much may already be priced in.” The firm reduced estimates and price targets ahead of the Q2 reports.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FBIN:
Questions or Comments about the article? Write to editor@tipranks.com
