Citi lowered the firm’s price target on Newell Brands (NWL) to $4 from $5 and keeps a Neutral rating on the shares. The firm adjusted targets in the beverages, household and personal care group as part of a Q1 preview. Investor focus will be on the sector’s margin risk amid higher oil prices and many commodities, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NWL:
- Newell Brands price target lowered to $5 from $6 at Barclays
- Newell Brands price target lowered to $4 from $4.50 at RBC Capital
- Newell Brands price target lowered to $3.75 from $5 at UBS
- Newell Brands price target lowered to $3 from $5 at Deutsche Bank
- Newell Brands: Coleman’s Innovative Snap ’N Go Cooler Positioned to Reignite Brand Relevance and Support Buy Rating