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Raymond James Sticks to Its Hold Rating for Newell Brands (NWL)

Tipranks - Tue May 5, 11:40PM CDT

In a report released yesterday, from Raymond James maintained a Hold rating on Newell Brands. The company’s shares closed yesterday at $4.61.

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Newell Brands has an analyst consensus of Hold, with a price target consensus of $5.00, representing an 8.46% upside. In a report released yesterday, Citi also assigned a Hold rating to the stock with a $4.75 price target.

Based on Newell Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.55 billion and a GAAP net loss of $33 million. In comparison, last year the company earned a revenue of $1.57 billion and had a GAAP net loss of $37 million

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