Goldman Sachs Maintains Buy on Fortune Brands, Raises Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Susan Maklari has maintained a Buy rating on Fortune Brands (NYSE:FBIN) and increased the price target from $68 to $86.
December 14, 2023 | 1:42 pm
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POSITIVE IMPACT
Goldman Sachs analyst Susan Maklari reaffirms a Buy rating on Fortune Brands and raises the price target to $86, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Susan Maklari from Goldman Sachs typically signals a strong conviction in the company's future performance and is often viewed positively by the market. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100