Moody's Moves Outlook on Spectrum Brands (SPB) to Developing ;Ratings Affirmed
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Jefferies Remains Bullish on Spectrum Brands (SPB) Following 4Q - PT to $154
November 18, 2016 8:41 AM ESTJefferies 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
UPDATE: HRG Group (HRG) Considering Selling Itself as CEO Prepares to Leave - Bloomberg
November 17, 2016 4:53 PM EST(Updated - November 17, 2016 4:57 PM EST)
HRG Group (NYSE: HRG) is mulling a sale as CEO Omar Asali prepares to step down to set up his own firm, according to Bloomberg, citing sources. HRG is looking for advisers to help it... More
Spectrum Brands (SPB) Tops Q4 EPS by 20c
November 17, 2016 6:31 AM ESTSpectrum Brands (NYSE: SPB) reported Q4 EPS of $1.49, $0.20 better than the analyst estimate of $1.29. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.33 billion.
Fiscal 2017 Outlook
Spectrum Brands expects fiscal 2017 reported net sales to grow above category rates, along... More
