Spectrum Brands Holdings (SPB) Receives a Hold from Wells Fargo
Wells Fargo analyst Christopher Carey maintained a Hold rating on Spectrum Brands Holdings yesterday and set a price target of $62.00. The company’s shares closed yesterday at $58.41.
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According to TipRanks, Carey is an analyst with an average return of -0.7% and a 42.99% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, Clorox, and Constellation Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spectrum Brands Holdings with a $70.67 average price target, representing a 20.99% upside. In a report released on November 1, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $57.00 price target.
Based on Spectrum Brands Holdings’ latest earnings release for the quarter ending June 29, the company reported a quarterly revenue of $699.6 million and a net profit of $19.9 million. In comparison, last year the company earned a revenue of $779.4 million and had a net profit of $6.1 million
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