Citigroup Maintains Neutral on Newell Brands, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni maintains a Neutral rating on Newell Brands (NASDAQ:NWL) and raises the price target from $9 to $11.
July 31, 2023 | 2:30 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Newell Brands and raises the price target from $9 to $11, which may influence investor sentiment.
The news is directly about Newell Brands (NWL). The raised price target by Citigroup may influence investor sentiment and trading decisions, but the Neutral rating suggests that the stock's price is expected to perform in line with the market or other comparable companies. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100