Barclays Maintains Underweight on Newell Brands, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman maintains an Underweight rating on Newell Brands (NASDAQ:NWL) and has lowered the price target from $10 to $9.
July 20, 2023 | 11:25 am
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Barclays has maintained an Underweight rating on Newell Brands and lowered the price target from $10 to $9, which could negatively impact the stock's performance.
The lowered price target by Barclays indicates a bearish outlook for Newell Brands. This could lead to a decrease in the stock's price as investors adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100