Newell Brands (NYSE:NWL) Price Target Cut to $20.00 by Analysts at Wells Fargo & Company

Newell Brands (NYSE:NWL – Get Rating) had its price target reduced by Wells Fargo & Company from $21.00 to $20.00 in a research note released on Tuesday, Stock Target Advisor reports. They currently have an equal weight rating on the stock.

Separately, StockNews.com raised Newell Brands from a hold rating to a buy rating in a report on Monday, May 23rd.

Shares of NYSE NWL opened at $19.46 on Tuesday. The business’s 50-day simple moving average is $21.31. Newell Brands has a 1 year low of $17.40 and a 1 year high of $27.82.

Newell Brands (NYSE:NWL – Get Rating) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.27 billion.

Newell Brands Company Profile (Get Rating)

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

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