JP Morgan Downgrades Newell Brands to Neutral, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira has downgraded Newell Brands (NASDAQ:NWL) from Overweight to Neutral and lowered the price target from $11 to $7.
October 30, 2023 | 9:21 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Newell Brands has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $7.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Newell Brands. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100