Newell Brands (NWL) Gets a Hold from RBC Capital
In a report released on December 5, Nik Modi from RBC Capital maintained a Hold rating on Newell Brands, with a price target of $4.50. The company’s shares closed yesterday at $3.72.
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According to TipRanks, Modi is an analyst with an average return of -4.9% and a 42.32% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Kimberly Clark, Colgate-Palmolive, and Newell Brands.
In addition to RBC Capital, Newell Brands also received a Hold from TR | OpenAI – 4o’s Bram Softner in a report issued on December 2. However, on December 3, Canaccord Genuity maintained a Buy rating on Newell Brands (NASDAQ: NWL).
Based on Newell Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.81 billion and a net profit of $21 million. In comparison, last year the company earned a revenue of $1.95 billion and had a GAAP net loss of $198 million
Read More on NWL:
Disclaimer & DisclosureReport an Issue
- Positive Outlook for Newell Brands: Buy Rating Backed by Turnaround Strategy and Cost-Saving Initiatives
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- Newell Brands Announces Global Productivity Plan
- Unusually active option classes on open November 17th
- Newell Brands price target lowered to $4.50 from $8 at RBC Capital
