Canaccord raised the firm’s price target on Newell Brands (NWL) to $9 from $8 and keeps a Buy rating on the shares. The firm updated its estimates ahead of Q1 results after analyzing Circana sales, Semrush search data, and social media activity. Canaccord likes Newell’s risk/reward setup heading into print given Sharpie and Graco have been doing well, Rubbermaid has been better, and even outdoor could be improving with Coleman’s collapible cooler currently the number one release on Amazaon.
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Read More on NWL:
- Newell Brands price target lowered to $4 from $5 at Citi
- Newell Brands price target lowered to $5 from $6 at Barclays
- Newell Brands price target lowered to $4 from $4.50 at RBC Capital
- Newell Brands price target lowered to $3.75 from $5 at UBS
- Newell Brands price target lowered to $3 from $5 at Deutsche Bank