RBC Capital Maintains Outperform on Spectrum Brands Holdings, Lowers Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has maintained an Outperform rating on Spectrum Brands Holdings (NYSE:SPB) but has reduced the price target from $96 to $89.
November 22, 2023 | 3:48 pm
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RBC Capital analyst reaffirms Outperform rating on Spectrum Brands Holdings but lowers price target to $89 from $96.
The maintenance of an Outperform rating suggests that RBC Capital still sees positive potential in SPB's stock performance. However, the reduction in the price target could reflect a tempered expectation for the stock's growth or a response to market conditions. This news is likely to have a neutral short-term impact on SPB's stock price as the positive sentiment of the Outperform rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100