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Fly News Breaks for April 25, 2019
FBHS
Apr 25, 2019 | 08:34 EDT
SunTrust analyst Keith Hughes raised his price target on Fortune Brands to $50 after its Q1 earnings beat driven by Cabinet margins, even though margins in the company's two other segments contracted. The analyst is also keeping his Hold rating on the stock, warning that Cabinet business will see "margin pressure due to product launches" in Q2, and believes that the magnitude of the management's expected improved earnings trend is "still a question."
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