Goldman Sachs is out with its report today on Fortune Brands FO, lowering its PT from $63 to $61.
In its report, Goldman Sachs writes, "We lower our FO 12-month sum-of-the-parts price target $2 to $61to reflect a refined spirits valuation multiple of 12.2X EV/EBITDA (vs. 13X previously)."
Goldman Sachs maintains Neutral on FO.
At the time of posting, shares of FO were trading at $58.27, up 0.28% from Wednesday's close.
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