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Fly News Breaks for April 25, 2019
FBHS
Apr 25, 2019 | 09:15 EDT
RBC Capital analyst Mike Dahl raised his price target on Fortune Brands to $56 and kept his Outperform rating after its "surprising and clean" Q1 earnings beat that was driven by growth of the Cabinets segment margins. The analyst notes that while the management kept its FY19 outlook, he believes that the quarter positions the company to "comfortably" achieve its guidance as it looks to "re-establish a more consistent track record of hitting expectations."
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