Fortune Brands gains after Truist Securities upgrades to 'buy'

Fortune Brands Innovations

30/06/2026 13:24

** Shares of building products supplier Fortune Brands Innovations FBIN.N up 2% at $51.82 premarket
** Brokerage Truist Securities upgrades stock to "buy" from "hold"; raises PT to $70 from $45
** Brokerage upgrades stock based on the turnaround potential in conjunction with the announcement of Jesse Singh as new CEO
** Notes FBIN's struggles have revolved around brand level execution and capital allocation and CEO Singh's work at AZEK shows potential to improve the business
      ** Five of 17 brokerages rate the stock "buy" or higher, 11 "hold" and one "sell" or lower; their median PT is $50- data compiled by LSEG
** As of last close, stock up ~2% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))