JP Morgan Maintains Overweight on Newell Brands, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Newell Brands (NASDAQ:NWL) but lowers the price target from $14 to $12.
June 07, 2023 | 1:53 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on Newell Brands (NASDAQ:NWL) but lowers the price target from $14 to $12.
The news of JP Morgan maintaining an Overweight rating on Newell Brands indicates a positive outlook for the company. However, the lowering of the price target from $14 to $12 suggests a more conservative valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100