Truist upgraded Newell Brands (NWL) to Buy from Hold with a price target of $17, up from $10. The firm notes its estimates are unchanged, but argues that investors have “largely overlooked” the turnaround efforts over the past four years due to the volatility created by the pandemic and post-pandemic consumer behavior. With organic top line growth for the company now expected in 2025 by management, the firm believes investors will “take notice and the stock will be revalued closer to its historic multiple,” the analyst added.
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