Streetbeat News

FBIN

Fortune Brands Innovations, Inc.

https://www.fbin.com

Industry

Construction

Fortune Brands Innovations, Inc. provides water, outdoor, and security products, including water management, connected products, outdoor living, material conversion, sustainability, safety, and wellness. The company's portfolio of brands comprising Moen, House of Rohl, Aqualisa, Therma-Tru, Larson, Fiberon, Master Lock, and SentrySafe. Fortune Brands Innovations, Inc. was incorporated in 1988 and is headquartered in Deerfield, Illinois.

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Construction and home builder stocks are rising due to strong July New Home Sales data and positive economic outlook from Fed Chair Powell, hinting at future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:01 pm

JP Morgan analyst Michael Rehaut maintains a Neutral rating on Fortune Brands (NYSE:FBIN) and raises the price target from $82 to $84.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:55 pm

Fortune Brands Innovations shares are trading higher following Q2 earnings. Multiple analysts raised their price targets following the report.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 3:54 pm

Barclays analyst Matthew Bouley maintains an Overweight rating on Fortune Brands (NYSE:FBIN) and raises the price target from $84 to $86.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 3:52 pm

Norfolk Southern Corporation (NSC) and several other major stocks saw significant gains on Friday following better-than-expected earnings reports and other positive news. The Dow Jones index also rose by over 600 points.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 3:04 pm

Analyst ratings for Fortune Brands (NYSE:FBIN) show a mix of bullish and bearish perspectives over the past three months. The average 12-month price target is $80.67, a 2.55% decrease from the previous average. Key analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Despite notable revenue growth, the company faces challenges in profitability, return on equity, return on assets, and debt management.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 3:00 pm

Goldman Sachs analyst Susan Maklari maintains a Buy rating on Fortune Brands (NYSE:FBIN) and raises the price target from $75 to $86.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:24 pm

RBC Capital analyst Mike Dahl maintains a Sector Perform rating on Fortune Brands (NYSE:FBIN) and raises the price target from $79 to $81.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:52 pm

Truist Securities has maintained its Buy rating on Fortune Brands (NYSE:FBIN) and raised the price target from $75 to $82.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:02 pm

Fortune Brands Innovations has updated its FY24 guidance, lowering net sales growth from 3.5%-5.5% to 2.5%-4.5% and adjusting EPS from $4.20-$4.40 to $4.25-$4.35. The company cites strong performance in its Outdoors segment and Moen North America business, as well as accelerating digital sales, offset by weaker China sales.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:09 pm

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