Spectrum Brands Holdings Inc (NYSE: SPB ) on Friday reported better-than-expected third-quarter financial results .
Spectrum Brands posted third-quarter adjusted EPS of $2.79, beating market estimates of $1.47. The company’s sales came in at $753.300 million, versus estimates of $735.500 million.
Spectrum Brands shares fell 3.9% to trade at $86.60 on Monday.
These analysts made changes to their price targets on Spectrum Brands following earnings announcement.
Canaccord Genuity analyst Brian McNamara maintained the stock with a Buy and raised the price target from $99 to $110. RBC Capital analyst Nik Modi downgraded the stock from Outperform to Sector Perform and raised the price target from $85 to $92. Wells Fargo analyst Chris Carey maintained the stock with an Equal-Weight rating and raised the price target from $85 to $90.Considering buying SPB stock? Here’s what analysts think:
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