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August 25, 2014
08:16 EDTFBHSFortune Brands may be flexible as M&A heats up, says RW Baird
Baird said Fortune Brands has used its cash for stock buybacks and M&A and as the environment heats up shareholders may see more acquisitions to come. The firm likes the stock, citing its balance sheet and high quality exposure to the housing recovery and keeps an Outperform rating with a $46 price target on the shares.
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