Barclays Maintains Underweight on Newell Brands, Lowers Price Target to $6
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 $9 to $6.
October 12, 2023 | 6:44 pm
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Barclays has maintained an Underweight rating on Newell Brands and lowered the price target from $9 to $6, which could negatively impact the stock price.
The lowered price target from Barclays indicates a bearish outlook on Newell Brands. This could lead to a decrease in the stock price as investors adjust their expectations based on this new target.
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