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Fly News Breaks for December 15, 2015
JAH, NWL
Dec 15, 2015 | 06:40 EDT
Piper Jaffray analyst Stephanie Wissink upgraded Newell Rubbermaid (NWL) to Overweight saying the pullback in shares following the Jarden (JAH) merger announcement creates a buying opportunity. Jarden's brand portfolio will "benefit significantly" from Newell's "disciplined development and commercialization process," Wissink tells investors in a research note. She recommends buying Newell into early 2016 ahead of the deal closure and raised her price target for the shares to $51 from $43. Raymond James this morning downgraded the stock to Market Perform.
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