Bank of America has revised its price target for Fortune Brands Innovations (FBIN, Financial), reducing it from $68 to $49 while maintaining an Underperform rating on the stock. This adjustment is aligned with broader reductions in forecasts for companies in the building products sector, which are influenced by anticipated declines in renovation and remodeling spending, a slowdown in new construction, and the potential impact of tariffs.
The financial institution has also adjusted its 2025 and 2026 projections for these companies downward by approximately 4% and 6%, respectively. As a part of this broader market sentiment, price targets across the group have been decreased by an average of about 17%.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Fortune Brands Innovations Inc (FBIN, Financial) is $76.28 with a high estimate of $93.00 and a low estimate of $56.00. The average target implies an upside of 51.67% from the current price of $50.30. More detailed estimate data can be found on the Fortune Brands Innovations Inc (FBIN) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Fortune Brands Innovations Inc's (FBIN, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fortune Brands Innovations Inc (FBIN, Financial) in one year is $75.40, suggesting a upside of 49.92% from the current price of $50.295. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fortune Brands Innovations Inc (FBIN) Summary page.
