Spectrum Brands Shares Plunge 1.42% to March 2023 Low

Spectrum Brands Holdings Inc. (SPB) shares fell 1.42% today, reaching their lowest level since March 2023, with an intraday decline of 3.59%.

Wells Fargo & Company recently adjusted their target price for Spectrum Brands shares, lowering it from $75.00 to $65.00. This adjustment, coupled with an "equal weight" rating, reflects the bank's cautious outlook on the company's future performance. Additionally, Spectrum Brands is scheduled to go ex-dividend on February 18th, 2025, with a dividend of $0.47 per share. These developments are likely to influence investor sentiment and contribute to the recent fluctuations in the stock price.