Newell Brands price target lowered to $14 from $15 at Canaccord

Canaccord lowered the firm’s price target on Newell Brands (NWL) to $14 from $15 and keeps a Buy rating on the shares. The company reported Q4 results that were generally in line with or modestly better than consensus across key metrics. Full year guidance was about as expected, modestly below across metrics. Canaccord noted shares were down dramatically following results calling it an overreaction and a buying opportunity.