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Fly News Breaks for January 30, 2020
Jan 30, 2020 | 07:56 EDT
Loop Capital analyst Garik Shmois upgraded Fortune Brands to Hold from Sell with a $72 price target after its Q4 earnings beat. The analyst notes that accelerating housing market should finally allow the company to benefit from its recent pivot in cabinets and doors/security products, with added upward momentum driven by expectations of the sector's sustained strength.