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Stock impact report

Canaccord Genuity Reiterates Buy Rating for Newell Brands (NWL) [Yahoo! Finance]

Newell Brands Inc. (NWL) 
Last newell brands inc. earnings: 5/1 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
On April 16, Canaccord Genuity increased the price target on Newell Brands Inc. (NASDAQ:NWL) from $8 to $9, resulting in an adjusted upside potential of almost 108% at the prevailing level. The firm also maintained its Buy rating on the stock. InnaFelker/Shutterstock.com The price target adjustment was based on revisions to estimates before the first-quarter earnings. These incorporated analysis of sales data from Circana, Semrush searches, and social media engagement. Canaccord notes a good risk-to-reward ratio going into the earnings print, driven by strong Sharpie and Graco segments, better performance in Rubbermaid, and upside potential in the outdoor category. Canaccord Genuity also highlighted Coleman's new collapsible cooler as the top-selling product on Amazon. The rating supports the view that Newell Brands Inc. (NASDAQ:NWL) is currently one of the top penny stocks within the consumer staples category. On April 9, RBC Capital reduced the price target on Newell Brands Show less Read more
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