Newell Brands price target lowered to $12 from $14 at Canaccord

Canaccord lowered the firm’s price target on Newell Brands (NWL) to $12 from $14 and keeps a Buy rating on the shares. The firm updated its model and lowered its target ahead of Q1 results after analyzing Circana sales, Semrush search data, and social media activity across four companies in their coverage universe. However, they like its risk/reward set-up heading into earnings next week given it’s been unfairly punished and put in the tariff-risk camp despite significant U.S. sourcing. Although recent market uncertainty could delay its return to growth, Canaccord believes this is more than reflected in the share price.