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NWL

Newell Brands

$20.81

-0.87 (-4.01%)

07:57
08/09/18
08/09
07:57
08/09/18
07:57

Newell Brands selloff this week bit of an overreaction, says Citi

Citi analyst Wendy Nicholson believes the 22% selloff in shares of Newell Brands since Monday's Q2 results "seems like a bit of an overreaction." The quarter largely came in as expected, though a lower tax rate and share count offset weaker profit margins, Nicholson tells investors in a research note. She says what matters most right now is Newell's asset sales. The analyst keeps a Buy rating on the shares.

NWL Newell Brands
$20.81

-0.87 (-4.01%)

04/17/18
WELS
04/17/18
UPGRADE
WELS
Outperform
Newell Brands upgraded to Outperform from Market Perform at Wells Fargo
04/17/18
WELS
04/17/18
UPGRADE
Target $33
WELS
Outperform
Newell Brands upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Bonnie Herzog upgraded Newell Brands to Outperform and raised her price target for the shares to $33 from $25. The stock's setup is good looking forward, with greater potential upside than downside risk over the next 12 months, Herzog tells investors in a research note. She calls her upgrade more of an event-driven break-up call versus a fundamental improvement call. The analyst's break-up analysis suggests the targeted $10B after-tax proceeds from the planned divestitures could prove conservative. Newell's current valuation is not reflective of its underlying value, Herzog contends.
04/17/18
04/17/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Hold from Sell at Pivotal Research with analyst Brian Wieser saying the company "has a lot of positive elements" heading into the back half of the year, including a strong film slate, the launch of new direct to consumer over-the-top services, and efforts in support of the close of the Fox (FOXA) transaction. 2. Coca-Cola (KO) upgraded to Neutral from Sell at Goldman Sachs with analyst Judy Hong saying she sees an improving organic sales growth outlook, "cleaner base" post-refranchising, and better visibility on its margin and earnings targets. 3. Merck (MRK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying the Keytruda+chemo combination showed better than expected results in lung cancer, boosting the company's immuno-oncology lead against Bristol-Myers (BMY). 4. Newell Brands (NWL) upgraded to Outperform from Market Perform at Wells Fargo with analyst Bonnie Herzog saying the stock's setup is good looking forward, with greater potential upside than downside risk over the next 12 months. 5. Twitter (TWTR) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Brian Nowak citing recent advertiser conversations that have continued to be incrementally positive about Twitter's ad business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/07/18
DBAB
08/07/18
NO CHANGE
Target $23
DBAB
Hold
Newell Brands price target lowered to $23 from $29 at Deutsche Bank
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.

TODAY'S FREE FLY STORIES

RDWR

Radware

$22.62

-0.17 (-0.75%)

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ATGE

Adtalem Global Education

$50.01

-1.14 (-2.23%)

06:08
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LMT

Lockheed Martin

$279.17

-8.54 (-2.97%)

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Japan to purchase 100 additional F-35 stealth fighters, FT reports »

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ELAN

Elanco

$31.76

-0.63 (-1.95%)

06:06
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Earnings
Elanco reaffirms FY18 adjusted EPS view $1.14-$1.16, consensus $1.21 »

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  • 18

    Dec

ELAN

Elanco

$31.76

-0.63 (-1.95%)

06:05
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Earnings
Elanco sees FY19 adjusted EPS $1.02-$1.12 »

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  • 18

    Dec

HTGC

Hercules Capital

$10.83

-0.53 (-4.67%)

06:05
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Hercules Capital announces $25M share repurchase program »

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LXFR

Luxfer

$21.42

-1.26 (-5.56%)

06:03
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Luxfer to acquire Neo Performance Materials for $612M in cash and stock »

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JNJ

Johnson & Johnson

$129.11

-3.75 (-2.82%)

06:02
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06:02
Hot Stocks
J&J CEO Alex Gorsky: 'We know our talc is safe,' 'does not cause cancer' »

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  • 05

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  • 27

    Jan

TPC

Tutor Perini

$16.63

-0.08 (-0.48%)

06:02
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Tutor Perini subsidiary awarded $104M contract by Royal Saudi Air Force »

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CPA

Copa Holdings

$75.17

-2.54 (-3.27%)

06:01
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12/18
06:01
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06:01
Initiation
Copa Holdings initiated  »

Copa Holdings reinstated…

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LXFR

Luxfer

$21.42

-1.26 (-5.56%)

06:00
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Hot Stocks
Breaking Hot Stocks news story on Luxfer »

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AGRO

Adecogro

$6.69

-0.35 (-4.97%)

06:00
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Initiation
Adecogro initiated  »

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TSLA

Tesla

$348.30

-17.39 (-4.76%)

05:59
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Periodicals
Musk's Boring Co. faces concerns over diversion of SpaceX resources, WSJ says »

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JNJ

Johnson & Johnson

$129.11

-3.75 (-2.82%)

05:59
12/18/18
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05:59
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Periodicals
J&J looks to contain fallout from baby powder report with ads, Reuters reports »

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  • 05

    Jan

  • 27

    Jan

EFX

Equifax

$97.25

0.06 (0.06%)

05:55
12/18/18
12/18
05:55
12/18/18
05:55
Conference/Events
Equifax to meet with investors »

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  • 18

    Dec

UNCFF

UniCredit

$0.00

(0.00%)

05:53
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Italy's UniCredit settles dispute with Caius »

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TLC

Taiwan Liposome

$6.01

(0.00%)

05:52
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Taiwan Liposome announces full enrollment of TLC590 Phase I/II clinical trial »

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ALGN

Align Technology

$207.01

-8.57 (-3.98%)

, INGN

Inogen

$125.96

-4.85 (-3.71%)

05:48
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Recommendations
Align Technology, Inogen, Nuvectra, Intuitive Surgical, Merit Medical analyst commentary  »

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ALGN

Align Technology

$207.01

-8.57 (-3.98%)

INGN

Inogen

$125.96

-4.85 (-3.71%)

NVTR

Nuvectra

$16.27

-0.38 (-2.28%)

ISRG

Intuitive Surgical

$481.95

-9.89 (-2.01%)

MMSI

Merit Medical

$54.54

-1.79 (-3.18%)

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  • 27

    Jan

ACHV

Achieve Life Sciences

$1.37

-0.07 (-4.86%)

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MANU

Manchester United

$17.30

-0.2 (-1.14%)

05:39
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Manchester United announces departure of manager Jose Mourinho »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$255.12

-5.49 (-2.11%)

05:39
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05:39
Periodicals
Ex-official thinks U.S., China can reach trade deal in 90 days, SCMP reports »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$255.12

-5.49 (-2.11%)

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MGA

Magna

$44.31

-1 (-2.21%)

05:38
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Magna acquires VIZA Geca, terms not disclosed »

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RYB

RYB Education

$6.05

-0.08 (-1.31%)

05:36
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RYB Education announces $12M share repurchase program »

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ORCL

Oracle

$45.72

-0.9 (-1.93%)

05:32
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12/18
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Recommendations
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NDAQ

Nasdaq

$85.19

-1.3 (-1.50%)

05:30
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Hot Stocks
Nasdaq raises offer for proposed acquisition of Cinnober to SEK 87 per share »

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