JP Morgan Maintains Overweight on Newell Brands, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Newell Brands (NASDAQ:NWL) but has lowered the price target from $13 to $11.
October 12, 2023 | 4:09 pm
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Newell Brands' price target has been lowered from $13 to $11 by JP Morgan, though the Overweight rating is maintained.
The lowering of the price target by JP Morgan indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100