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Newell Brands price target lowered to $7 from $8 at JPMorgan

JPMorgan lowered the firm’s price target on Newell Brands (NWL) to $7 from $8 and keeps an Overweight rating on the shares. The firm updated the company’s model post the Q2 report. The firm says Newell could not price the temporary tariff increase and therefore had to absorb the impact. It cut estimates to reflect the company’s new outlook.

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