Newell Brands price target raised to $8 from $7 at Canaccord

Canaccord raised the firm’s price target on Newell Brands (NWL) to $8 from $7 and keeps a Buy rating on the shares. The firm believes investors are pleased with the progress made in its turnaround. Despite capturing less than a third of overall sales, Canaccord was pleasantly surprised with the significant improvement in Q4 channel data, particularly for Sharpie, Graco, and Rubbermaid. While the stock was a dog in 2025, the firm believes the turnaround is bearing fruit, with 2026 expected to be Newell’s first year of net distribution gains since the ill-fated Jarden acquisition nearly a decade ago.