Deutsche Bank analyst Steve Powers raised his price target for Newell Brands to $28 saying he left Friday's results and conference call "relatively more constructive." The shortfall in sales and operating income "seem more transitory" as they are concentrated in two key categories, Writing and Baby, and two key retailers, Powers tells investors in a post-earnings research note. Meanwhile, the "to be divested" businesses should be sold for $6B of net after-tax cash proceeds and management "finally" seems more focused on continuous free cash flow generation, the analyst contends. He keeps a Hold rating on shares of Newell Brands.