Canaccord Genuity Maintains Buy on Spectrum Brands Holdings, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Brian McNamara has maintained a Buy rating on Spectrum Brands Holdings (NYSE:SPB) but has reduced the price target from $94 to $83.
November 20, 2023 | 4:02 pm
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Canaccord Genuity analyst reaffirms Buy rating on Spectrum Brands Holdings but lowers price target to $83 from $94.
The maintenance of a Buy rating suggests a positive outlook on the company's fundamentals, while the reduction in price target may reflect a revised valuation or market conditions. The impact is likely neutral to slightly negative in the short term as the market digests the lower price target, which could suggest a tempered growth expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100