Wells Fargo lowered the firm’s price target on Newell Brands (NWL) to $5 from $6 and keeps an Equal Weight rating on the shares. The firm credits Newell for some stabilization, progress on gross margins and leverage, and Newell sure is cheap. But, it’s just tough to embrace until visibility improves, namely topline, along with tariff impact yet embedded in estimates, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NWL: