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.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NWL:
- Newell Brands price target raised to $15 from $13 at Canaccord
- Target reports downbeat Q3, Comcast plans cable TV spinoff: Morning Buzz
- Target downgraded, Chewy upgraded: Wall Street’s top analyst calls
- Newell Brands upgraded to Overweight from Equal Weight at Barclays
- Newell Brands price target raised to $9 from $8 at Wells Fargo