Newell Brands (NWL) Receives a Buy from Wells Fargo
Wells Fargo analyst Bonnie Herzog reiterated a Buy rating on Newell Brands (NWL) today and set a price target of $22. The company’s shares opened today at $15.34, close to its 52-week low of $13.04.
“We continue to see NWL as a beat-and-raise story over the next few quarters. We maintain our FY19 est of $1.71, but lower our FY20 est by $0.37 to $1.80 due primarily to no expected share repo. We reiterate our Outperform rating and $22 price target.”
According to TipRanks.com, Herzog is a 3-star analyst with an average return of 2.1% and a 59.2% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Edgewell Personal Care, and Monster Beverage Corp.
Currently, the analyst consensus on Newell Brands is a Moderate Buy with an average price target of $21.
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The company has a one-year high of $27.04 and a one-year low of $13.04. Currently, Newell Brands has an average volume of 5.19M.
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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.