Barclays Maintains Underweight on Newell Brands, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Underweight rating on Newell Brands (NASDAQ:NWL) but increased the price target from $5 to $6.

January 16, 2024 | 5:46 pm
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Barclays analyst Lauren Lieberman maintains an Underweight rating on Newell Brands but raises the price target from $5 to $6.
While the increase in price target from $5 to $6 could be seen as a positive signal, the Underweight rating suggests that Barclays still has concerns about Newell Brands' prospects. The mixed message may lead to a neutral short-term impact on the stock price as the market digests both the positive and negative aspects of the analyst's outlook.
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IMPORTANCE 75
RELEVANCE 100