Spectrum Brands undervalued as Jefferies sees 26% upside
Jefferies resumed coverage of Spectrum Brands with a Buy rating and a $97 price target, citing improving earnings potential, operational improvements and recovering product categories as support for growth beyond financial year 2027. The target implies 26% upside from current levels, according to the report.
Why it matters — The coverage highlights Jefferies’ view that longer-term earnings prospects may be stronger than near-term consumer weakness and cost pressures suggest.