Fortune Brands Innovations (FBIN) Reports 2023 Results, Issues 2024 Guidance, Announces $650M Share Buyback

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Go back to Fortune Brands Innovations (FBIN) Reports 2023 Results, Issues 2024 Guidance, Announces $650M Share Buyback

BMO Capital Downgrades Fortune Brands (FBIN) to Market Perform, 'Risk/Reward Balanced at Current Levels'

January 31, 2024 4:08 AM EST

BMO Capital analyst Ketan Mamtora downgraded Fortune Brands (NYSE: FBIN) from Outperform to Market Perform with a price target of $82.00 (from $76.00).

The analyst comments "We like FBIN's medium-term growth & margin expansion opportunity in decking and connected products. However, with repair & remodeling... More