Deutsche Bank analyst Steve Powers raised the firm’s price target on Newell Brands to $11 from $9 and keeps a Hold rating on the shares post the Q2 results. Investors took comfort in management’s increased confidence on earnings stability and margin recovery potential in fiscal 2024, even though 2023 guidance was lowered due to several transitory factors, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NWL:
- Early notable gainers among liquid option names on July 28th
- Newell Brands cuts FY23 normalized EPS view to 80c-90c from 95c-$1.08
- Newell Brands sees Q3 normalized EPS 20c-24c, consensus 45c
- Newell Brands reports Q2 normalized EPS 24c, consensus 13c
- Notable companies reporting before tomorrow’s open