Newell Brands price target raised to $9 from $8 at Barclays

Barclays analyst Lauren Lieberman raised the firm’s price target on Newell Brands (NWL) to $9 from $8 and keeps an Overweight rating on the shares. The firm came away from the company’s earnings report “even more confident” in the idea that Newell ultimately will be a beneficiary from tariffs should they remain in place, albeit with some volatility over the near term. While Newell did take down its category growth expectations, this is the prudent move and should help protect cash should the demand environment worsen, the analyst tells investors in a research note.