Citigroup Maintains Neutral on Newell Brands, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni maintains a Neutral rating on Newell Brands (NASDAQ:NWL) and raises the price target from $7.5 to $8.
April 29, 2024 | 4:21 pm
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Citigroup analyst Filippo Falorni maintains a Neutral rating on Newell Brands and raises the price target from $7.5 to $8.
The increase in the price target by Citigroup suggests a positive outlook on the stock's value, potentially leading to short-term investor optimism. However, the Neutral rating indicates that the stock might not outperform the market significantly in the near term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90