Raymond James Maintains Strong Buy on Newell Brands, Lowers Price Target to $13
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Olivia Tong has maintained a 'Strong Buy' rating on Newell Brands (NASDAQ:NWL), but has lowered the price target from $15 to $13.
July 24, 2023 | 12:01 pm
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NEUTRAL IMPACT
Newell Brands' price target has been lowered from $15 to $13 by Raymond James, though the 'Strong Buy' rating is maintained.
The lowering of the price target could potentially indicate a less optimistic outlook for the company's stock in the short term. However, the maintenance of the 'Strong Buy' rating suggests that the analyst still sees significant upside potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100