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Barclays Reaffirms Their Buy Rating on Newell Brands (NWL)

Tipranks - Tipranks - Sat Feb 7, 3:30AM CST

In a report released today, Lauren Lieberman from Barclays maintained a Buy rating on Newell Brands, with a price target of $6.00.

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Lieberman covers the Consumer Defensive sector, focusing on stocks such as Colgate-Palmolive, The Estée Lauder Companies, and PepsiCo. According to TipRanks, Lieberman has an average return of 2.3% and a 54.11% success rate on recommended stocks.

In addition to Barclays, Newell Brands also received a Buy from Canaccord Genuity’s Brian McNamara in a report issued on January 25. However, on February 4, RBC Capital maintained a Hold rating on Newell Brands (NASDAQ: NWL).

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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

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