Citigroup Maintains Neutral on Newell Brands, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni maintains a Neutral rating on Newell Brands (NASDAQ:NWL) and lowers the price target from $13 to $9.
June 13, 2023 | 4:07 pm
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Citigroup analyst Filippo Falorni maintains a Neutral rating on Newell Brands and lowers the price target from $13 to $9.
The lowered price target from $13 to $9 by Citigroup analyst Filippo Falorni indicates a bearish outlook on Newell Brands. This news is likely to have a negative impact on the stock price in the short term as it suggests that the analyst believes the stock is overvalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100