Newell Brands (NWL) Gets a Buy Rating from Jefferies

Jefferies analyst Kevin Grundy maintained a Buy rating on Newell Brands (NWLResearch Report) yesterday and set a price target of $36.00. The company’s shares closed last Monday at $24.92.

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 4.1% and a 62.4% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Energizer Holdings, and Colgate-Palmolive.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newell Brands with a $28.60 average price target, representing a 16.6% upside. In a report issued on February 12, J.P. Morgan also maintained a Buy rating on the stock with a $29.00 price target.

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Newell Brands’ market cap is currently $10.6B and has a P/E ratio of 18.65.

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Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Food and Appliances; Home and Outdoor Living; and Learning and Development. The Food and Appliances segment includes household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products and fresh preserving products. The Home and Outdoor Living segment consists of products for outdoor and outdoor-related activities, home fragrance products and connected home and security. The Learning and Development segment deals with writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; labeling solutions; baby gear and infant care products. The company was founded in 1903 and is headquartered in Hoboken, NJ.

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