Barclays Maintains Overweight on Fortune Brands, Lowers Price Target to $66
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 $74 to $66.

October 26, 2023 | 11:31 am
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NEUTRAL IMPACT
Barclays has maintained an Overweight rating on Fortune Brands but lowered the price target from $74 to $66.
The news is directly related to Fortune Brands. While the Overweight rating indicates that Barclays expects the stock to outperform, the lowering of the price target could create some uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100