7 Analysts Have This to Say About Fortune Brands
Portfolio Pulse from Benzinga Insights
Fortune Brands (NYSE:FBIN) received 7 analyst ratings in the last quarter, with 3 bullish, 3 somewhat bullish, and 1 indifferent. The average 12-month price target is $71.14, representing an 8.63% decrease from the previous target of $77.86. Analysts provide ratings based on research and forecasts, which can influence investor decisions.
December 13, 2023 | 1:00 pm
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NEGATIVE IMPACT
Fortune Brands has a mix of bullish and somewhat bullish ratings from analysts, with an average price target of $71.14, indicating a potential downside based on the previous target.
The average price target for FBIN has decreased, which may lead to a negative perception among investors. Analyst ratings can significantly influence investor sentiment and stock price in the short term. The mix of bullish and somewhat bullish ratings suggests a cautious optimism, but the lowered price target could overshadow this sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100