|Over a week ago|
American Woodmark price target raised to $97 from $79 at Loop Capital » 08:3208/0408/04/20
Loop Capital analyst…
Loop Capital analyst Garik Shmois raised the firm's price target on American Woodmark (AMWD) to $97 from $79 and keeps a Buy rating on the shares. The analyst is citing the "positive lessons" learned from the earnings season of Fortune Brands (FBHS) and other R&R companies thus far, which he believes imply "significant upside" to the management's already revised outlook for Q1. The "remodeling wave" should continue to benefit American Woodmark through the next several quarters, the analyst tells investors in a research note.
Fortune Brands price target raised to $83 from $70 at Credit Suisse » 08:3607/3007/30/20
Credit Suisse analyst…
Credit Suisse analyst Adam Baumgarten raised the firm's price target on Fortune Brands to $83 from $70 following quarterly results, while keeping a Neutral rating on the shares. The analyst notes that 2020 outlook is "pretty strong, potentially conservative even at the high-end."
Fortune Brands price target raised to $85 from $75 at SunTrust » 08:2107/3007/30/20
SunTrust analyst Keith…
SunTrust analyst Keith Hughes raised the firm's price target on Fortune Brands to $85 from $75 and keeps a Buy rating on the shares after its Q2 earnings beat, with the company paring its 20% sales decline in April to "flattish" in June. The company's July growth has continued "even in the large ticket cabinet business", the analyst tells investors in a research note, though this trend will be a "key" indicator to monitor. Hughes maintains a positive view on Fortune Brands based on its combination of exposure to new and existing home sales.
Fortune Brands price target raised to $86 from $68 at Deutsche Bank » 07:4107/3007/30/20
Deutsche Bank analyst…
Deutsche Bank analyst Seldon Clarke raised the firm's price target on Fortune Brands to $86 from $68 and keeps a Buy rating on the shares. The company reported "another impressive quarter" reflecting the both the resiliency of its product portfolio and ability to manage costs, Clarke tells investors in a research note.
Fortune Brands price target raised to $77 from $62 at RBC Capital » 07:1807/3007/30/20
RBC Capital analyst…
RBC Capital analyst Michael Dahl raised the firm's price target on Fortune Brands to $77 from $62 but keeps a Sector Perform rating on the shares. The company's Q2 results were "exceptional" amid cost control efforts and resiliency in Plumbing, the analyst tells investors in a research note, adding that the premium valuation on the stock is warranted though already reflected in the recent rally.
Fortune Brands reports Q2 EPS ex-charges 94c, consensus 59c » 16:0807/2907/29/20
Reports Q2 revenue…
Reports Q2 revenue $1.38B, consensus $1.3B. Operating income was $173.0 million, compared to $202.4 million in the prior-year quarter. "We executed our plans to permanently reposition the cost basis of the Company against a home products market that exceeded expectations in the second quarter. We gained share and executed efficiency improvements which not only drove sales and profit results in the quarter but positions us to invest for long-term profitable growth," the company said.
Notable companies reporting after market close » 14:2107/2907/29/20
PYPL, QCOM, NOW, CCI, LRCX, CTSH, ORLY, ADM, CERN, YUMC, TDOC, HOLX, QRVO, URI, AVTR, FBHS, SFM, WERN, CAKE, HOME
Notable companies reporting after the market close, with earnings consensus, include PayPal (PYPL), consensus 88c... Qualcomm (QCOM), consensus 71c... ServiceNow (NOW), consensus $1.01... Crown Castle (CCI), consensus 50c... Lam Research (LRCX), consensus $4.05... Cognizant (CTSH), consensus 69c... O'Reilly (ORLY), consensus $4.30... Archer Daniels (ADM), consensus 51c... Cerner (CERN), consensus 61c... Yum China (YUMC), consensus 24c... Teladoc (TDOC), consensus (23c)... Hologic (HOLX), consensus 38c... Qorvo (QRVO), consensus $1.13... United Rentals (URI), consensus $1.86... Avantor (AVTR), consensus 14c... Fortune Brands (FBHS), consensus 59c... Sprouts Farmers (SFM), consensus 36c... Werner Enterprises (WERN), consensus 40c... Cheesecake Factory (CAKE), consensus ($1.12)... At Home (HOME), consensus 11c.
Fortune Brands designated a Fresh Pick at Baird » 09:0607/2007/20/20
Baird analyst Timothy…
Baird analyst Timothy Wojs raised the firm's price target on Fortune Brands to $74 from $50 and keeps a Neutral rating on the shares. The analyst designated Fortune Brands as a Fresh Pick as he believes the magnitude of potential Q2 upside across its businesses into relatively neutral sentiment could drive further near-term trading upside.
|Over a month ago|
Fortune Brands price target raised to $74 from $60 at JPMorgan » 09:0007/1007/10/20
JPMorgan analyst Michael…
JPMorgan analyst Michael Rehaut raised the firm's price target on Fortune Brands Home and Security to $74 from $60 and keeps an Overweight rating on the shares. Despite a strong rally since late March, the building products sector has not fully recovered its losses from the early days of the pandemic, Rehaut tells investors in a research note. The analyst increased estimates across the group to reflect an improved demand backdrop, "as even lagging subsectors have still likely witnessed monthly improvement."
Fortune Brands price target raised to $67 from $52 at Wells Fargo » 07:1407/0807/08/20
Wells Fargo analyst…
Wells Fargo analyst Truman Patterson raised the firm's price target on Fortune Brands to $67 from $52 in line with the company's long-term historical average. The analyst keeps an Equal Weight rating on the shares.