Baird Maintains Neutral on Fortune Brands, Raises Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Timothy Wojs maintains a Neutral rating on Fortune Brands (NYSE:FBIN) and raises the price target from $82 to $94.
October 21, 2024 | 11:30 am
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Baird analyst Timothy Wojs has maintained a Neutral rating on Fortune Brands but increased the price target from $82 to $94, indicating a more positive outlook on the stock's potential.
The increase in the price target from $82 to $94 suggests a more optimistic view on the stock's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100