Fortune Brands Receives a Buy from Robert W. Baird

By Carrie Williams

In a report released today, Timothy Wojs from Robert W. Baird reiterated a Buy rating on Fortune Brands (NYSE: FBHS), with a price target of $72. The company’s shares opened today at $67.22, close to its 52-week high of $68.36.

According to TipRanks.com, Wojs is a 4-star analyst with an average return of 9.4% and a 75.0% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co Inc, American Woodmark Corp, and Carlisle Companies Inc.

Currently, the analyst consensus on Fortune Brands is Moderate Buy and the average price target is $72, representing a 7.1% upside.

In a report issued on October 11, Jefferies also reiterated a Buy rating on the stock with a $78 price target.

The company has a one-year high of $68.36 and a one-year low of $52.05. Currently, Fortune Brands has an average volume of 937.9K.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.

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Fortune Brands Home & Security, Inc. manufactures and supplies home and security products and services. The company operates through the following business 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.