Newell Brands (NWL) Gets a Buy from Canaccord Genuity
In a report released yesterday, Brian McNamara from Canaccord Genuity maintained a Buy rating on Newell Brands, with a price target of $7.00. The company’s shares closed yesterday at $3.96.
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According to TipRanks, McNamara is an analyst with an average return of -0.4% and a 50.95% success rate. McNamara covers the Consumer Cyclical sector, focusing on stocks such as Rollins, SharkNinja, Inc., and Driven Brands Holdings.
Currently, the analyst consensus on Newell Brands is a Moderate Buy with an average price target of $4.93.
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
