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Wells Fargo Sticks to Its Hold Rating for Spectrum Brands Holdings (SPB)

Tipranks - Tipranks - Wed Jan 14, 5:52AM CST

In a report released today, Christopher Carey from Wells Fargo maintained a Hold rating on Spectrum Brands Holdings, with a price target of $62.00.

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Carey covers the Consumer Defensive sector, focusing on stocks such as General Mills, Church & Dwight, and Kimberly Clark. According to TipRanks, Carey has an average return of 0.6% and a 46.92% success rate on recommended stocks.

In addition to Wells Fargo, Spectrum Brands Holdings also received a Hold from TipRanks – Google’s Google Household and Personal Products in a report issued today. However, yesterday, RBC Capital maintained a Buy rating on Spectrum Brands Holdings (NYSE: SPB).

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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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