Spectrum Brands stock faces a lower Wells Fargo target

Published on 10/07/2026 at 02:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Spectrum Brands stock drew a Wells Fargo target cut to USD 85 on October 5, 2026. Fiscal Q3 sales reached USD 753.3 million, up 7.7 percent year over year.

SPB, US84790A1051, Illustration mit AI erstellt.

Spectrum Brands stock was last at USD 76.72 on the NYSE on October 6, 2026 at 4:00 p.m. ET, up 0.96 percent from the prior close. The latest analyst action came from Wells Fargo, which reduced its price target from USD 90 to USD 85 while maintaining an Equal Weight rating on October 5, 2026.

Wells Fargo lowers its target

According to Markets Insider on October 5, 2026, Wells Fargo analyst Christopher Carey kept a Hold rating and set a USD 85 price target. The new target lies 10.8 percent above the October 6 price of USD 76.72, a smaller cushion than the previous USD 90 target provided.

MarketBeat reported on October 6, 2026, that three analysts rated the stock Buy and four rated it Hold. The published consensus was Hold with an average price target of USD 98, placing the average 27.7 percent above the October 6 price.

Sales growth meets a profit warning

Spectrum Brands reported fiscal Q3 2026 net sales of USD 753.3 million, an increase of 7.7 percent from the prior-year quarter, according to the company's investor-relations page dated August 7, 2026. The same release described a net loss from continuing operations of USD 20.3 million, including a USD 40.8 million reduction in the loss and a one-time non-cash impairment charge tied to the Home and Personal Care business.

The quarter therefore presents a split picture for investors. Sales growth and the analyst-reported adjusted EPS of USD 2.79 versus a USD 1.46 consensus estimate support the operating case, while the reported continuing-operations loss keeps profitability and impairment charges central to the valuation discussion.

Stock remains below its yearly high

SPB's October 6 market capitalization was USD 1.8 billion, with 373,501 shares traded. The 52-week range was USD 49.99 to USD 99.06, leaving the latest price USD 22.34 below the yearly high.

Spectrum Brands is scheduled to report fiscal Q4 2026 results on November 13, 2026, according to Yahoo Finance. That date gives the next clear checkpoint for whether the sales trajectory can translate into more consistent earnings.