Raymond James Downgrades Newell Brands to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong downgrades Newell Brands (NASDAQ:NWL) from Outperform to Market Perform, indicating a neutral outlook on the company's stock.
February 12, 2024 | 10:49 am
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NEUTRAL IMPACT
Newell Brands was downgraded by Raymond James from Outperform to Market Perform, suggesting a neutral future performance.
The downgrade by a prominent analyst like Olivia Tong from Raymond James can influence investor sentiment and potentially lead to short-term stability in Newell Brands' stock price. However, the change to Market Perform suggests no significant negative or positive catalysts are expected in the near term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100