Raymond James Downgrades Newell Brands to Outperform, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong has downgraded Newell Brands (NASDAQ:NWL) from Strong Buy to Outperform and lowered the price target from $13 to $10.
October 23, 2023 | 12:39 pm
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Newell Brands has been downgraded by Raymond James from Strong Buy to Outperform, with a reduced price target of $10.
The downgrade from Strong Buy to Outperform indicates a less optimistic outlook for Newell Brands. The reduction in price target from $13 to $10 also suggests that the analyst expects a lower future stock price. This could potentially lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100