Newell Brands price target lowered to $7.50 from $9 at Citi

Citi lowered the firm’s price target on Newell Brands to $7.50 from $9 and keeps a Neutral rating on the shares. The company’s Q4 results were better than expected but the stock traded down 18% as the 2024 guidance was weaker than anticipated, the analyst tells investors in a research note. The firm believes investors will continue to question the timeline for a sales inflection and a return to topline growth.