Analyst Expectations For Spectrum Brands Holdings's Future
Portfolio Pulse from Benzinga Insights
Spectrum Brands Holdings (NYSE:SPB) has been analyzed by 4 analysts, showing a shift towards a more cautious stance with recent ratings indicating an indifferent outlook. The average 12-month price target has been adjusted to $82.75, down from $91.00, reflecting a 9.07% decline. Analyst actions include both upgrades and downgrades, with price targets ranging from $73.00 to $89.00. Financial indicators reveal challenges in revenue growth, profitability, and asset utilization, with the company underperforming industry averages in several key metrics.
February 09, 2024 | 12:00 pm
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NEGATIVE IMPACT
Spectrum Brands Holdings has seen a shift towards a more cautious outlook from analysts, with a lowered average price target of $82.75. Financial challenges include negative revenue trends and below-average profitability metrics.
The cautious stance by analysts, reflected in the lowered price targets and the negative financial indicators such as declining revenue and below-average profitability metrics, suggests a potential short-term negative impact on SPB's stock price. The downgrade in analyst sentiment and the financial challenges faced by the company are likely to influence investor perception negatively, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100