Barclays Maintains Overweight on Fortune Brands, Lowers Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley maintains an Overweight rating on Fortune Brands (NYSE:FBIN) but has lowered the price target from $89 to $74.
October 12, 2023 | 6:19 pm
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Barclays has maintained an Overweight rating on Fortune Brands but lowered the price target from $89 to $74.
The lowering of the price target by Barclays, a major financial institution, could lead to a decrease in the short-term stock price of Fortune Brands. This is because it signals a lower expected future value of the company.
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