Market Overview

UPDATE: Goldman Sachs Initiates Newell Rubbermaid at Neutral on Mixed Factors

Related NWL
Morgan Stanley Picks Top Consumer Staples
Top 4 Stocks In The Housewares & Accessories Industry With The Highest Gross Margin

In a report published Tuesday, Goldman Sachs analyst Taposh Bari initiated coverage on Newell Rubbermaid (NYSE: NWL) with a Neutral rating and $27.00 price target.

In the report, Goldman Sachs noted, “We are intrigued by the latest turnaround at NWL but acknowledge the company's history of unsuccessful restructurings. Shares are up 70% since Mike Polk took over as CEO in mid-2011, placing NWL firmly into the ‘show-me' stage of its turnaround (often the most turbulent). We see the potential for EPS acceleration and visibility in cost reductions. However, we also note the company's difficult recent history. Our Neutral rating acknowledges both our awareness of the difficulties that remain, and our desire to see continued steady progress in restructuring.”

Newell Rubbermaid closed on Monday at $25.47.

Latest Ratings for NWL

Jan 2015OppenheimerDowngradesOutperformMarket Perform
Jan 2015Deutsche BankMaintainsBuy
Nov 2014JP MorganMaintainsOverweight

View More Analyst Ratings for NWL
View the Latest Analyst Ratings

Posted-In: Goldman Sachs Taposh BariAnalyst Color Initiation Analyst Ratings


Related Articles (NWL)

Around the Web, We're Loving...

Get Benzinga's Newsletters