JP Morgan Maintains Neutral on Newell Brands, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains a Neutral rating on Newell Brands (NASDAQ:NWL) and lowers the price target from $9 to $8.
October 11, 2024 | 2:12 pm
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JP Morgan has maintained its Neutral rating on Newell Brands but has lowered the price target from $9 to $8, indicating a less optimistic outlook.
The lowering of the price target from $9 to $8 by JP Morgan suggests a less optimistic view on Newell Brands' future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations accordingly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100