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Fly News Breaks for April 27, 2018
FBHS
Apr 27, 2018 | 07:35 EDT
RBC Capital analyst Michael Eisen lowered his price target on Fortune Brands to $66 after the company's Q1 earnings miss, but kept his Outperform rating given the increased outlook for its Plumbing and Doors segments. Eisen states that the market share gains and margin expansion in those businesses should support relatively high ROE, expecting more positive catalysts to come from the company's strong balance sheet and disciplined approach toward capital allocation.
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