Wells Fargo Thinks Newell Brands’ Stock is Going to Recover

In a report released today, Bonnie Herzog from Wells Fargo reiterated a Buy rating on Newell Brands (NWL), with a price target of $22. The company’s shares closed yesterday at $15.47, close to its 52-week low of $15.12.

Herzog noted:

“We Say Buy It! We See Upside To Guidance Following Our Business Deep-Dive.”

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 4.7% and a 65.7% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, The Estée Lauder Companies Inc, and Constellation Brands Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newell Brands with a $19.17 average price target.

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The company has a one-year high of $29.23 and a one-year low of $15.12. Currently, Newell Brands has an average volume of 7.13M.

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Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Food and Appliances; Home and Outdoor Living; and Learning and Development.