Newell Brands price target lowered to $8 from $9 at RBC Capital

RBC Capital lowered the firm’s price target on Newell Brands (NWL) to $8 from $9 and keeps a Sector Perform rating on the shares. The company reported “challenged but slightly better-than-expected results” in Q1, and detailed plans to offset all tariff headwinds, aside from the incremental 125% tariffs on China, the analyst tells investors in a research note. The firm, however, struggles to see a path to share outperformance in the current macro climate.