BMO Capital Thinks Spectrum Brands Holdings’ Stock is Going to Recover

In a report released today, Shannon Coyne from BMO Capital reiterated a Buy rating on Spectrum Brands Holdings (NYSE: SPB), with a price target of $125. The company’s shares opened today at $101.19, close to its 52-week low of $98.11.

According to TipRanks.com, Coyne is a 1-star analyst with an average return of -0.6% and a 56.0% success rate. Coyne covers the Services sector, focusing on stocks such as Sally Beauty, Home Depot, and Macy’s Inc.

Currently, the analyst consensus on Spectrum Brands Holdings is Strong Buy and the average price target is $138.17, representing a 36.5% upside.

In a report issued on February 8, Oppenheimer also maintained a Buy rating on the stock with a $167 price target.

The company has a one-year high of $146.09 and a one-year low of $98.11. Currently, Spectrum Brands Holdings has an average volume of 681.9K.

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Spectrum Brand Holdings, Inc. engages in the manufacture, market, and distribution of consumer products. The company operates through the following segments: Global Batteries and Appliances (GBA); Global Pet Supplies (PET); Home and Garden (H&G); and Hardware and Home Improvement (HHI); and Global Auto Care (GAC).

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