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Fly News Breaks for February 1, 2019
FBHS
Feb 1, 2019 | 06:59 EDT
Loop Capital analyst Laura Champine raised her price target on Fortune Brands to $44 after its Q4 results , updating her model to reflect revenue growth expectation of 4% in 2019 vs. 3% prior but below the company's guidance of 6.0%-7.5%. The analyst also keeps her Hold rating, noting that while the management anticipates a "meaningful demand improvement", she sees no fundamental basis for that change, stating that the company's guidance for FY19 is likely to be too aggressive.
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