Baird Maintains Neutral on Fortune Brands, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Timothy Wojs has maintained a Neutral rating on Fortune Brands (NYSE:FBIN) and lowered the price target from $86 to $85.

April 18, 2024 | 3:41 pm
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NEUTRAL IMPACT
Baird analyst Timothy Wojs maintains a Neutral rating on Fortune Brands and lowers the price target from $86 to $85.
The adjustment in price target by Baird reflects a slight negative sentiment towards Fortune Brands' stock value in the short term, but the maintenance of a Neutral rating suggests no significant change in the company's overall outlook. This could lead to a neutral impact on the stock price as the market absorbs the minor adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100