UBS Maintains Buy Rating for Newell Brands: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has reaffirmed its Buy rating on Newell Brands (NASDAQ:NWL) and increased its price target from $9.00 to $10.00, implying a potential upside of 17.51% from the current price of $8.51. Despite this positive outlook, NWL shares have dipped slightly by 0.47% over the last 24 hours.
January 09, 2024 | 5:00 pm
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POSITIVE IMPACT
UBS maintains its Buy rating on Newell Brands and raises the price target to $10.00, indicating a potential 17.51% increase from the current price.
The reaffirmation of a Buy rating and an increased price target by a reputable financial institution like UBS typically instills confidence in investors and can lead to a positive short-term price movement. The 17.51% potential upside is significant, and while the stock has seen a slight decline, the new price target suggests optimism for future growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100