Citigroup Maintains Neutral on Newell Brands, Raises Price Target to $6
Citigroup analyst Filippo Falorni maintains Newell Brands (NASDAQ:NWL) with a Neutral and raises the price target from $5.5 to $6.
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Citigroup analyst Filippo Falorni maintains Newell Brands (NASDAQ:NWL) with a Neutral and raises the price target from $5.5 to $6.
Newell Brands (NWL) stock surged 13.57% following strong second-quarter results showing 3% year-over-year sales growth—the first positive growth in over four years. The company's adjusted operating income jumped 56% and EPS climbed 75%, boosted by tariff refunds and improved operational capabilities. Management raised full-year EPS guidance, and Canaccord Genuity increased its price target from $9 to $11, suggesting potential 70%+ gains ahead.
Canaccord Genuity analyst Brian McNamara maintains Newell Brands (NASDAQ:NWL) with a Buy and raises the price target from $9 to $11.