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Fly News Breaks for February 7, 2017
NWL
Feb 7, 2017 | 07:14 EDT
Jefferies analyst Kevin Grundy says the risk/reward for Newell Brands shares remains favorable following the company's "mixed" Q4 results. The story is not broken and the stock is now in "deep value territory," Grundy tells investors in a post-earnings research note. He admits, however, that the Q4 results were a "bit softer" then he hoped as core sales missed the Street and FY17 sales growth guidance was lowered by basis points. Grundy lowered his price target for Newell to $61 from $63 and keeps a Buy rating on the name.
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