Fortune Brands Home (FBHS) Stock Closed Up, Jefferies Starts Coverage

Fortune Brands Home (FBHS) stock coverage was initiated this morning at Jefferies with a 'buy' rating as the firm believes the company 'outperforms the market.'
By Natalie Walters ,

NEW YORK (TheStreet) -- Fortune Brands Home & Security (FBHS) - Get Report  stock coverage was initiated this morning at Jefferies with a "buy" rating and a $67 price target. 

The Deerfield, IL-based holding company is engaged in the manufacture and sale of home and security products through its subsidiaries.

"While the stock trades at a premium due to its structural advantages, FBHS consistently outperforms the market and generates industry high margins," the firm wrote. 

Additionally, Jefferies believes Fortune Brands could see a $7-$14 upside to their price target as a result of the company's "proven track record in deploying capital."  

Fortune Brands stock closed up 1.45% to $58.60. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate FORTUNE BRANDS HOME & SECUR as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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