RBC Capital analyst Nik Modi lowered his price target on Spectrum Brands to $75 after its Q4 earnings and revenue miss, saying the company was impacted by a "series of issues including retailer de-stocking, tariffs, recalls, and out-of-stocks related to supply chain disruption in Auto Care." The analyst is keeping his Outperform rating on the shares however, noting that the management expects to reduce Spectrum Brands' leverage to 3.5-times from 5.8-times after divesting its global auto care business. Modi is also hopeful that the company's investment in marketing and advertising in FY19 will help stabilize its results.