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Benzinga

Business

Shivani Kumaresan

Read How Analysts Reacted To Fortune Brands' Q1 Results, Spin-Off

FBHS Fortune Brands Home Keybanc NYSE Keith Hughes

KeyBanc analyst Kenneth R. Zener downgraded Fortune Brands Home & Security Inc (NYSE:FBHS) to Sector Weight from Overweight, with a $120 price target (66% upside).
The analyst sees a less compelling short-term risk-to-return as unit growth showed signs of slowing.
Zener lowered his FY23 EPS estimate to $6.71 from the previous $7.16 on accelerating inflation costs.
B of A Securities analyst Rafe Jadrosich upgraded FBHS from Underperform to Neutral and raised the price target from $74 to $84 (16% upside).
Truist analyst Keith Hughes lowered the price target on Fortune Brands to $100 from $115 but kept a Buy rating on the shares.
Keith noted the company’s decision to spin its cabinets business in the future would be a positive aspect of its growth.
RBC Capital analyst Mike Dahl maintained Fortune Brands Home with an Outperform and lowered the price target from $114 to $101 (40% upside).
Price Action: FBHS shares are trading lower by 3.68% at $73.24 on the last check Friday.

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