Wells Fargo Maintains Equal-Weight on Spectrum Brands Holdings, Lowers Price Target to $85
Wells Fargo analyst Chris Carey maintains Spectrum Brands Holdings (NYSE:SPB) with a Equal-Weight and lowers the price target from $90 to $85.
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Spectrum Brands Analysts Boost Their Forecasts Following Better-Than-Expected Q3 Earnings
Spectrum Brands (SPB) beats Q3 expectations with EPS of $2.79 and sales of $753.3 million. Analysts adjust price targets after earnings announcement.
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The global pet treats market is projected to grow at a CAGR of 8.9% from USD 38.40 billion in 2026 to USD 58.71 billion by 2031, driven by increasing pet ownership, pet humanization, and rising demand for premium, functional treats with natural ingredients. Jerky and meat-based treats dominate the market, while freeze-dried products and e-commerce channels show the fastest growth. Asia Pacific is expected to be the fastest-growing region.
Oppenheimer Maintains Outperform on Spectrum Brands Holdings, Raises Price Target to $100
Oppenheimer analyst Ian Zaffino maintains Spectrum Brands Holdings (NYSE:SPB) with a Outperform and raises the price target from $85 to $100.