Barclays Upgrades Newell Brands to Equal-Weight, Announces $8 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has upgraded Newell Brands (NASDAQ:NWL) from Underweight to Equal-Weight and set a price target of $8. This adjustment reflects a change in Barclays' outlook on the company, potentially due to improved performance or market conditions.
May 14, 2024 | 12:48 pm
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Barclays' upgrade of Newell Brands to Equal-Weight and the establishment of an $8 price target could signal to investors a more favorable outlook on the company, potentially leading to increased investor confidence and a positive impact on the stock price in the short term.
Analyst upgrades typically lead to short-term positive movements in the stock price as they reflect a change in the market's perception of the company's future prospects. Given that this upgrade comes from a reputable financial institution like Barclays, it could significantly influence investor sentiment and stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100