J.P. Morgan Remains a Buy on Newell Brands (NWL)
J.P. Morgan analyst Andrea Faria Teixeira maintained a Buy rating on Newell Brands today and set a price target of $5.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Faria Teixeira covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Colgate-Palmolive, and Primo Brands. According to TipRanks, Faria Teixeira has an average return of -0.3% and a 47.37% success rate on recommended stocks.
In addition to J.P. Morgan, Newell Brands also received a Buy from Canaccord Genuity’s Brian McNamara in a report issued on December 3. However, yesterday, Citi maintained a Hold 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
- Newell Brands price target raised to $3.75 from $3.50 at Citi
- Positive Outlook for Newell Brands: Buy Rating Backed by Turnaround Strategy and Cost-Saving Initiatives
- Newell Brands price target lowered to $4 from $5.50 at UBS
- Newell Brands Announces Global Productivity Plan
- Unusually active option classes on open November 17th
