Market Overview

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

Related NWL
Newell Brands Completes Window Coverings Business Divestment To Hunter Douglas
9 Stocks Haunted By Brexit, Creating Unwarranted Drops

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

Apr 2016BarclaysReinstatesOverweight
Feb 2016OppenheimerMaintainsPerform
Feb 2016Gabelli & CoInitiates Coverage onBuy

View More Analyst Ratings for NWL
View the Latest Analyst Ratings

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


Related Articles (NWL)

View Comments and Join the Discussion!