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Canaccord Genuity Reaffirms Their Buy Rating on Spectrum Brands Holdings (SPB)

Tipranks - Tipranks - Fri Jan 9, 6:40AM CST

Canaccord Genuity analyst Brian McNamara reiterated a Buy rating on Spectrum Brands Holdings today and set a price target of $84.00.

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McNamara covers the Consumer Cyclical sector, focusing on stocks such as Rollins, SharkNinja, Inc., and Driven Brands Holdings. According to TipRanks, McNamara has an average return of -0.4% and a 50.95% success rate on recommended stocks.

Spectrum Brands Holdings has an analyst consensus of Strong Buy, with a price target consensus of $56.87.

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Based on Spectrum Brands Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $733.5 million and a net profit of $55.6 million. In comparison, last year the company earned a revenue of $773.7 million and had a net profit of $28.6 million

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