In a report released on October 27, Michael Rehaut from J.P. Morgan maintained a Hold rating on Fortune Brands Innovations (FBIN – Research Report), with a price target of $62.00. The company’s shares closed yesterday at $55.75.
According to TipRanks, Rehaut is a 4-star analyst with an average return of 2.7% and a 51.94% success rate. Rehaut covers the Real Estate sector, focusing on stocks such as KB Home, M.D.C. Holdings, and Meritage.
In addition to J.P. Morgan, Fortune Brands Innovations also received a Hold from Loop Capital Markets’s Garik Shmois in a report issued on October 26. However, on October 27, BMO Capital maintained a Buy rating on Fortune Brands Innovations (NYSE: FBIN).
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FBIN market cap is currently $7.03B and has a P/E ratio of 16.50.
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Fortune Brands Innovations (FBIN) Company Description:
Fortune Brands Home & Security, Inc. manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen, bath and other parts. The Plumbing segment involves faucets, accessories, and kitchen sinks. The Doors segment comprises of fiberglass and steel entry door systems. The Security segment offers locks, safety and security devices, and electronic security products manufactured, sourced, and distributed under the Master Lock brand. Its brands include master lock security products, masterbrand cabinets, Moen faucets, Simonton windows, and Therma-Tru entry door systems. The company was founded on June 9, 1988 and is headquartered in Deerfield, IL.
Read More on FBIN:
- Fortune Brands names Kristin Papesh as Chief Human Resources Officer
- Fortune Brands Innovations price target lowered to $65 from $75 at Truist
- Fortune Brands Innovations price target lowered to $63 from $74 at RBC Capital
- Fortune Brands Innovations price target lowered to $61 from $81 at Loop Capital
- Fortune Brands Innovations price target lowered to $66 from $74 at Barclays
