Fortune Brands Innovations Inc
FBIN: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$67.00 | Tjxkftt | Lngxfjqlq |
Fortune Brands Prepares to Navigate Challenging End Markets in 2023; FVE Lowered to $72
After revisiting Fortune Brands Innovations’ 2023 outlook and rolling our valuation model forward, we’ve lowered our fair value estimate approximately 8% to $72 per share. Our downward-revised near-term financial outlook and higher share count are the primary factors behind our fair value reduction. Nevertheless, we still view shares as undervalued.