Loop Capital analyst Laura Champine raised her price target on Fortune Brands to $46 after the company's first-ever analyst day to reflect her updated FY21 estimates but also contends that the stock is fairly priced and keeps her Hold rating. The analyst notes that she is not comfortable with the company's expectation that the repair and remodeling market will rebound in the second half of 2019 and then accelerate through 2021. Champine contends that there is some contradiction in the management's underlying assumptions that call for "moderating home prices driving better growth and softening new home construction freeing up labor for remodeling".