UPDATE: Morgan Stanley Reiterates On Newell Rubbermaid Inc. Ahead Of Analyst Day

In a report published Monday, Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating on

, and raised the price target from $37.00 to $40.00. In the report, Morgan Stanley noted, “Newell is our top pick within our coverage. We expect rebounding NWL organic sales vs. peers due to higher advertising spending and improving macros, coupled with NWL using higher uncommitted FCF than peers to drive EPS upside, will drive NWL stock outperformance.” Newell Rubbermaid Inc. closed on Friday at $34.87.