Newell Brands (NWL) Gets a Buy Rating from Wells Fargo


Wells Fargo analyst Bonnie Herzog maintained a Buy rating on Newell Brands (NWL) today and set a price target of $36. The company’s shares opened today at $19.16.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 7.7% and a 73.8% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Coca-Cola European Partners, and Constellation Brands Inc.

Currently, the analyst consensus on Newell Brands is a Moderate Buy with an average price target of $24.83, implying a 29.6% upside from current levels. In a report issued on October 31, Citigroup also maintained a Buy rating on the stock with a $25 price target.

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Based on Newell Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $7.11 billion. In comparison, last year the company had a net profit of $234 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NWL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Live, Learn, Work, Play, and Other. The Live segment sources, markets, and distributes a line of household products.

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