Deutsche Bank Maintains Hold on Spectrum Brands Holdings, Raises Price Target to $91
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Steve Powers has maintained a Hold rating on Spectrum Brands Holdings (NYSE:SPB) and increased the price target from $85 to $91.
May 10, 2024 | 4:34 pm
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POSITIVE IMPACT
Deutsche Bank's updated Hold rating and raised price target from $85 to $91 for Spectrum Brands Holdings indicates a positive outlook on the stock's valuation, suggesting a potential upside based on the bank's analysis.
The increase in price target by a reputable financial institution like Deutsche Bank can lead to positive investor sentiment towards SPB, potentially driving up its stock price in the short term. The Hold rating suggests stability, while the raised target indicates an expectation of growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100