Spectrum Brands (SPB) Tops Q4 EPS by 20c
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November 21, 2016 3:55 PM EST
Moody's Investors Service ("Moody's") affirmed the ratings of Spectrum Brands, Inc. (NYSE: SPB), including the B1 Corporate Family Rating (CFR), and changed the outlook to developing from positive. This follows the announcement last week that HRG Group, its majority shareholder, is evaluating strategic alternatives for HRG. HRG Group is in process of selling other assets that it owns, which will soon leave Spectrum as HRG's only investment.
Ratings affirmed:
Spectrum Brands, Inc.
Corporate Family Rating at B1;
Probability of Default Rating at B1-PD;
Senior unsecured notes at B2 (LGD... More
November 18, 2016 8:41 AM EST
Jefferies maintained a Buy rating on Spectrum Brands (NYSE: SPB), and cut the price target to $154.00 (from $160.00), following the company's 4Q report. SPB's reported -3.2% org sales were dragged down by four fewer shipping days and exiting unprofitable businesses. Underlying growth was in-line with Street.... More
