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Fly News Breaks for December 6, 2019
Dec 6, 2019 | 05:22 EDT
Goldman Sachs analyst Susan Maklari initiated coverage of Fortune Brands with a Buy rating and $74 price target. Although 2019 headwinds proved to be stronger than expected, Fortune's efforts across its operations should drive results ahead of expectations in 2020, Maklari tells investors in a research note. The analyst highlights the company's repositioning of cabinets under a new leadership team, its above-average growth in Fiberon, and the ongoing strength in the global plumbing group.