Here’s What Analysts Are Saying About Spectrum Brands Holdings (SPB)

Spectrum Brands Holdings, Inc. (NYSE:SPB) is 1 of the champion favored stocks to bargain according to hedge funds. RBC Capital lifted the terms people connected Spectrum Brands Holdings, Inc. (NYSE:SPB) to $85 from $75 connected February 6, maintaining an Outperform standing connected the shares. The steadfast updated the terms people connected the banal aft it reported mixed fiscal Q1 results, with in-line EBITDA and weaker-than-expected integrated growth. Despite these trends and the continued headwinds experienced by the company, the steadfast stated that absorption maintained an optimistic tone.

The aforesaid day, Oppenheimer besides lifted the terms people connected Spectrum Brands Holdings, Inc. (NYSE:SPB) to $85 from $75. The steadfast reaffirmed an Outperform standing connected the shares, noting that the company’s fiscal Q1 gross of $677 cardinal bushed its estimates of $674 cardinal and the Street’s estimates of $668 million, with the trends driven chiefly by favored attraction growth.

Spectrum Brands Holdings, Inc. (NYSE:SPB) besides received a standing update from Canaccord connected February 6. The steadfast raised the terms people connected the banal to $94 from $84, maintaining a Buy standing and telling investors that the institution reported fiscal Q1 results with income astir 1% supra consensus, adjusted EBITDA astir 8% ahead, and adjusted EPS acold exceeding expectations.

Spectrum Brands Holdings, Inc. (NYSE:SPB) is simply a planetary shaper of branded location essentials and user products, and has a planetary favored attraction segment. It offers tiny household appliances, tract and plot products, location pest power products, and others. The institution manufactures, sells, and markets its products crossed Europe, the Middle East and Africa, North America, Latin America, and Asia-Pacific.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.