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SPB

Spectrum Brands

$133.49

0.4 (0.30%)

07:20
10/13/16
10/13
07:20
10/13/16
07:20

Oppenheimer remains bullish on Spectrum Brands

Oppenheimer analyst Ian Zaffino remains bullish on Spectrum Brands and is encouraged by its ongoing transition to a faster growing company. Following Spectrum Brands' investor day, the analyst notes that the company continues to deliver "generous" free cash flow and deploys it "opportunistically" to generate incremental returns. He reiterates an Outperform rating and $140 price target on the shares.

SPB Spectrum Brands
$133.49

0.4 (0.30%)

01/21/16
OPCO
01/21/16
NO CHANGE
OPCO
Spectrum Brands shares should be bought after decline, says Oppenheimer
Noting that Spectrum Brands has dropped 12% this year, underperforming the S&P, Oppenheimer recommends buying the stock. The firm expects the company to report "healthy" Q1 results, as it thinks the company's auto and home and garden businesses were boosted by the mild weather. while its HHI unit was helped by the stable housing market. The firm keeps a $116 price target and Outperform rating on the shares.
05/10/16
JEFF
05/10/16
NO CHANGE
Target $143
JEFF
Buy
Spectrum Brands remains a top pick at Jefferies
Jefferies analyst Kevin Grundy reiterates Spectrum Brands as a top pick after meeting with management. The company remains very focused on accelerating profitable growth through better leveraging its global infrastructure, Grundy tells investors in a research note. He keeps a Buy rating on the shares with a $143 price target.
09/01/16
PIPR
09/01/16
INITIATION
Target $147
PIPR
Overweight
Spectrum Brands initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Stephanie Wissink started Spectrum Brands with an Overweight rating and $147 price target. The analyst highlights the company's diversified business and "strong" capital position.
09/01/16
09/01/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Enova International (ENVA) initiated with a Buy at Jefferies by analyst John Hecht, who sees "meaningful upside" from current shares levels. He views Enova as the leader in the "large, fragmented" market for alternative consumer lending. 2. Orbital ATK (OA) initiated with a Buy at Deutsche Bank by analyst Myles Walton, who views the stock as compelling following the recent pullback. The release of the company's audited financial statements in the next month coupled with a successful resupply mission will drive buying of the shares, Walton tells investors. 3. Spectrum Brands (SPB) initiated with an Overweight at Piper Jaffray by analyst Stephanie Wissink, highlighting the company's diversified business and "strong" capital position. 4. Fortune Brands (FBHS) initiated with a Neutral by Citi analyst Will Randow, who believes the company is well positioned to benefit from the housing recovery but cites valuation for his rating. 5. Rice Midstream (RMP) initiated with an Overweight rating and a $27 price target at MUFG Securities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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