Newell Brands price target lowered to $7 from $8 at Citi

Citi lowered the firm’s price target on Newell Brands to $7 from $8 and keeps a Neutral rating on the shares. The company’s Q3 sales and profits came in well below guidance and Street expectations, the analyst tells investors in a research note. The firm thinks Newell Brands “will continue to be a show-me story.”