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Fly News Breaks for August 7, 2017
NWL
Aug 7, 2017 | 07:41 EDT
JPMorgan analyst Andrea Teixeira views Friday's post-earnings pullback in shares of Newell Brands as a buying opportunity. Investors have overreacted to a small sales miss, Teixeira tells investors in a research note. He expects the company's sales to accelerate into Q3 and Q4 and keeps an Overweight rating on the name. The analyst lowered his price target for Newell shares to $61 from $64.
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