Morgan Stanley analyst Dara Mohsenian reiterated Newell Brands as his top pick in household products following the favorable CAGNY presentation. The level of cost savings was increased and should drive much faster earnings growth than peers going forward. Mohsenian believes the market is underestimating the impact as they will flow to the bottom line more and Newell does not have sophisticated competition from a standpoint of topline and cost savings. The analyst views valuation as too low and raised Newell's price target to $60 from $57 and reiterated its Overweight rating.