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Fly News Breaks for August 7, 2018
NWL
Aug 7, 2018 | 07:14 EDT
Deutsche Bank analyst Steve Powers lowered his price target for Newell Brands to $23 and keeps a Hold rating on the shares. The analyst views yesterday's 14% selloff post-earnings selloff as warranted. Newell's confidence around its ability to offset the negative impact of tariffs via pricing seems "somewhat uncertain," Powers tells investors in a research note.
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