Truist Securities Maintains Buy on Fortune Brands, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Keith Hughes has maintained a 'Buy' rating on Fortune Brands (NYSE:FBIN) but lowered the price target from $90 to $75.
October 17, 2023 | 4:08 pm
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Fortune Brands' price target has been lowered from $90 to $75 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially lead to a short-term negative sentiment among investors. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100