Barclays Maintains Overweight on Fortune Brands, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley has maintained an Overweight rating on Fortune Brands (NYSE:FBIN) and increased the price target from $66 to $87, indicating a positive outlook on the company's stock.
December 13, 2023 | 11:03 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Barclays analyst Matthew Bouley maintains an Overweight rating on Fortune Brands and raises the price target from $66 to $87, suggesting confidence in the company's growth prospects.
The increase in price target by a reputable analyst like Matthew Bouley from Barclays can lead to a positive investor sentiment towards FBIN in the short term. The Overweight rating coupled with a significant raise in the price target from $66 to $87 reflects a strong bullish stance on the stock, which may influence the market to react positively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100