UPDATE: KeyBanc Upgrades Fortune Brands Home & Security to Buy on Strong Earnings Outlook
Posted on February 07, 2013 at 12:32 PM EST
KeyBanc upgraded Fortune Brands Home & Security (NYSE: FBHS ) from Hold to Buy and announced a $38.00 price target. KeyBanc said, "Our conviction to upgrade FBHS mirrors our view that sustained, upward earnings revisions are likely as: 1) its wholesaler/dealer exposure realizes superior growth to peers; 2) it