Citi analyst Filippo Falorni raised the firm’s price target on Newell Brands to $11 from $9 and keeps a Neutral rating on the shares. The company’s Q2 results were better than expected, the analyst tells investors in a research note. The firm believes Newell is making progress on the initiatives underlying its new corporate strategy, which it thinks creates a strong setup for profitability improvement through the rest of 2023.
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