Newell Brands price target raised to $8 from $7.50 at Citi

Citi raised the firm’s price target on Newell Brands to $8 from $7.50 and keeps a Neutral rating on the shares. The company’s Q1 results were better than expected and it is making progress on the initiatives underlined in its new corporate strategy, which potentially indicates improvement in business trends, the analyst tells investors in a research note. However, the firm awaits further validation Newell’s turnaround remains on-track.