Truist Securities Maintains Buy on Fortune Brands, Lowers Price Target to $65
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 $75 to $65.
October 26, 2023 | 6:08 pm
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Truist Securities has maintained a 'Buy' rating on Fortune Brands but lowered the price target from $75 to $65.
The news is directly related to Fortune Brands (FBIN). While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term stock price. However, the impact is not necessarily negative as the 'Buy' rating is still in place.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100