Wells Fargo cuts Spectrum Brands target to USD 85 for SPB stock

Published on 10/15/2026 at 12:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo cut its target to USD 85 on October 5, 2026. SPB stock costs EUR 68.75 on October 15, 2026; Q3 sales were USD 753.3 million.

Dated company signals

Wells Fargo lowered its Spectrum Brands target to USD 85.00 on October 5, 2026.
Spectrum Brands reported USD 753.3 million in fiscal third-quarter sales on August 7, 2026.
SPB stock traded at EUR 68.75 at 12:42 p.m. CEST at Lang & Schwarz on October 15, 2026.

SPB, US84790A1051, Illustration mit AI erstellt.

Spectrum Brands (ISIN US84790A1051) had its Wells Fargo price target cut from USD 90.00 to USD 85.00 on October 5, 2026, while the stock was trading at EUR 68.75 at Lang & Schwarz on October 15, 2026 at 12:42 p.m. CEST. According to Markets Insider, Wells Fargo maintained its Hold rating alongside the lower target.

Q3 sales reached USD 753.3 million

The latest reported operating picture was stronger on sales but weaker on reported earnings. Spectrum Brands said fiscal third-quarter net sales increased 7.7 percent year over year to USD 753.3 million, while organic sales excluding favorable foreign exchange rose 6.6 percent.

The company also reported a USD 20.3 million net loss from continuing operations for the quarter ended June 28, 2026. The result included a one-time non-cash impairment charge tied to the Home and Personal Care business, according to Spectrum Brands.

What does the target cut mean?

The lower Wells Fargo target puts the analyst view below the USD 92.00 target retained by RBC Capital on October 7, 2026. Moomoo reported that RBC kept its Hold rating and USD 92.00 target. The spread between the two targets shows that analysts are placing different weight on the sales recovery and the impairment-related earnings pressure.

Three dates frame the stock

On August 7, 2026, Spectrum Brands reported fiscal third-quarter sales of USD 753.3 million and a USD 20.3 million continuing-operations loss. On October 5, 2026, Wells Fargo lowered its target from USD 90.00 to USD 85.00 while maintaining Hold. On October 7, 2026, RBC retained its Hold rating and USD 92.00 target.

Euro quote at EUR 68.75

For investors, the key tension is visible in the combination of 7.7 percent sales growth and the reported quarterly loss. The impairment charge makes the earnings figure less representative of underlying operations, but it also highlights the execution risk behind the analyst disagreement.

Spectrum Brands was trading at EUR 68.75 at Lang & Schwarz on October 15, 2026 at 12:42 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of SPB stock.