RBC Capital lowered the firm’s price target on Newell Brands (NWL) to $9 from $9.50 and keeps a Sector Perform rating on the shares. The company reported decent Q4 results that yielded second-half sequential improvement, with further margin expansion and modest bottom-line upside, the analyst tells investors in a research note. RBC adds however that while Newell’s guidance left something to be desired and is under threat of moving lower due to tariffs, it does not believe that the severe stock reaction on Friday is warranted.
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 $14 from $15 at Canaccord
- Newell Brands price target lowered to $9 from $11 at Wells Fargo
- Newell Brands price target lowered to $7.75 from $10.50 at Citi
- Newell Brands Shows Margin Improvements Amid Sales Decline
- Newell Brands Inc. Focuses on Strategic Growth Amid Challenges