UPDATE: Oppenheimer Initiates Coverage on Spectrum Brands on Interesting Investment Opportunity

In a report published Wednesday, Oppenheimer analyst Ian Zaffino initiated coverage on Spectrum Brands Holdings (NYSE: SPB ) with an Outperform rating and $82.00 price target. In the report, Oppenheimer noted, “Relatively underfollowed with a well-incentivized management team and a meaningful FCF ramp (10.9% CY15 FCF yield), SPB represents an