Fortune Brands Delivers Solid Sales and Strong Margin Results in the Second Quarter; Updates Full Year Guidance

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Go back to Fortune Brands Delivers Solid Sales and Strong Margin Results in the Second Quarter; Updates Full Year Guidance

Fortune Brands (FBIN) PT Raised to $81 at RBC Capital

July 26, 2024 6:36 AM EDT

RBC Capital analyst Mike Dahl raised the price target on Fortune Brands (NYSE: FBIN) to $81.00 (from $79.00) while maintaining a Sector Perform rating.

The analyst comments "Our FY24 EPS rises to $4.26 from $4.20 following 2Qs +$0.04/sh beat. Mgmt. narrowed the FY EPS guide... More

Oppenheimer Reiterates Perform Rating on Fortune Brands (FBIN)

July 26, 2024 6:02 AM EDT

Oppenheimer analyst Tyler Batory reiterated a Perform rating on Fortune Brands (NYSE: FBIN).

The analyst comments "FBIN reported 2Q24 revenue below Street expectations but EPS and operating margin that were ahead. The company reduced its 2024 sales growth guidance, but increased its operating... More

Fortune Brands (FBIN) PT Raised to $80 at Evercore ISI

July 26, 2024 4:35 AM EDT

Evercore ISI analyst Stephen Kim raised the price target on Fortune Brands (NYSE: FBIN) to $80.00 (from $78.00) while maintaining a In Line rating.

The analyst comments "Fortune Brands Innovations, Inc. (FBIN) reported 2Q24 adjusted EPS of $1.16 vs. our $1.13 and consensus $1.12 estimate. Overall, the... More