RBC Capital Reaffirms Their Hold Rating on Newell Brands (NWL)
RBC Capital analyst Nik Modi maintained a Hold rating on Newell Brands yesterday and set a price target of $4.50.
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According to TipRanks, Modi is an analyst with an average return of -4.8% and a 42.00% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Kimberly Clark, Colgate-Palmolive, and Primo Brands.
In addition to RBC Capital, Newell Brands also received a Hold from Truist Financial’s Bill Chappell in a report issued on January 7. However, on the same day, 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:
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