Barclays analyst Lauren Lieberman views the 26% selloff in shares Newell Brands (NWL) on Friday post the company’s earnings report as unwarranted. Wall Street “is trying to rationalize what feels like an irrational move,” the analyst tells investors in a research note. The firm says that while Newell’s guidance came in below Street estimates and the company reported a weak quarter, “not one” investor it spoke to viewed the share price reaction as warranted, and nor does the firm. Barclays keeps an Overweight rating on Newell with an $11 price target
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