JP Morgan Maintains Neutral on Newell Brands, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira has maintained a Neutral rating on Newell Brands (NASDAQ:NWL) and increased the price target from $7 to $9.

January 09, 2024 | 2:31 pm
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JP Morgan has maintained a Neutral rating on Newell Brands but raised the price target from $7 to $9, indicating a potential upside from the previous target.
The increase in price target by JP Morgan suggests a positive outlook on the stock's potential performance, which could lead to increased investor interest and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, tempering the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100