UBS Remains a Hold on Newell Brands (NWL)
In a report released today, Peter Grom from UBS maintained a Hold rating on Newell Brands, with a price target of $4.50.
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According to TipRanks, Grom is an analyst with an average return of -2.9% and a 52.40% success rate. Grom covers the Consumer Defensive sector, focusing on stocks such as General Mills, The Hershey Company, and Monster Beverage.
In addition to UBS, Newell Brands also received a Hold from Citi’s Filippo Falorni in a report issued today. However, on January 7, 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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- Newell Brands price target raised to $4.50 from $4 at UBS
- Newell Brands price target raised to $4.25 from $3.75 at Citi
- 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
