Fortune Brands (FBHS) Receives a Buy from Credit Suisse

In a report released yesterday, Susan Maklari from Credit Suisse maintained a Buy rating on Fortune Brands (FBHSResearch Report), with a price target of $49. The company’s shares closed yesterday at $42.86.

According to TipRanks.com, Maklari is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.1% and a 44.6% success rate. Maklari covers the Consumer Goods sector, focusing on stocks such as Skyline Champion Corporation, Stanley Black & Decker Inc, and Green Brick Partners.

Fortune Brands has an analyst consensus of Moderate Buy, with a price target consensus of $52.13, which is a 21.6% upside from current levels. In a report issued on January 7, Evercore ISI also upgraded the stock to Buy.

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Based on Fortune Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $99.8 million. In comparison, last year the company had a net profit of $128 million.

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Fortune Brands Home & Security, Inc. manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen, bath and other parts.

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