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UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Newell Rubbermaid

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In a report published Monday, Deutsche Bank reiterated its Buy rating on Newell Rubbermaid (NYSE: NWL), and raised its price target from $23.00 to $25.00.

Deutsche Bank noted, “Progress is palpable. While company still has much work to do, reinvestment and sales acceleration strategy at Newell are firmly in place and benefits should accrue as resources are redeployed. Emerging markets growth, despite broader market slowdown, remains healthy and should accelerate as current and forthcoming restructuring savings are reinvested in these markets while Commercial business could accelerate in an improving housing environment. Maintain Buy.”

Newell Rubbermaid closed on Friday at $20.59.

Latest Ratings for NWL

DateFirmActionFromTo
May 2017Wells FargoDowngradesOutperformMarket Perform
Mar 2017JP MorganInitiates Coverage OnOverweight
Dec 2016BMO CapitalInitiates Coverage OnMarket Perform

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Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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