In a report published Monday, Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating on Newell Rubbermaid NWL, and raised the price target from $34.00 to $36.00.
In the report, Morgan Stanley noted, “NWL is our top pick in our coverage both short and long term. We believe rebounding organic sales growth post a weak Q1 will act as a positive catalyst for the stock, and that Q1 was an aberration with the baby recall, poor weather, and weak macros (all of which improve going forward). Visibility on a balance of the year rebound has been reinforced by recent incremental positives that support our OW rating.”
Newell Rubbermaid closed on Thursday at $31.55.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in