Newell Brands price target lowered to $5.80 from $8.50 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Newell Brands (NWL) to $5.80 from $8.50 and keeps an Equal Weight rating on the shares. Newell reported a “solid” Q1 beat, but guided well below consensus for Q2, brought down its fiscal year topline view on category risk from macros, and clarified potential EPS pressure from tariffs, the analyst noted. The firm sees valuation as “reasonable,” particularly if Newell starts to gain more topline traction post competitor tariff issues, the analyst added.