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NWL

Newell Brands

$15.55

0.1 (0.65%)

08:32
03/18/19
03/18
08:32
03/18/19
08:32

Newell Brands to sell Process Solutions to One Rock Capital Partners

Newell Brands announced that it has signed a definitive agreement to sell its Process Solutions Business to One Rock Capital Partners, a private equity firm focused on control-stake equity investments in middle-market companies in North America. Process Solutions, inclusive of Plastic Solutions, Lifoam, Consumer Table Top, Zinc Products and Applied Materials, manufactures custom-designed plastic, nylons, monofilament, and zinc products that solve both industrial and consumer challenges. After-tax proceeds for the divestiture are anticipated to be $500 million, subject to customary working capital and transaction adjustments. In 2018, net sales for Process Solutions were approximately $640 million.

NWL Newell Brands
$15.55

0.1 (0.65%)

03/15/19
WELS
03/15/19
NO CHANGE
WELS
Market Perform
Newell Brands shares likely to move higher on CEO exit, says Wells Fargo
Wells Fargo analyst Bonnie Herzog expects shares to Newell Brands to trade higher on news of that CEO Mike Polk will be retiring at the end of Q2. While no replacement was announced, it's hard to believe "things can get much worse from here," Herzog tells investors in a research note. She sees a low probability of an earnings revision as she thinks Newell's new CFO set fiscal 2019 guidance very conservatively. Management credibility seemed about as low as you can get, so investors will view the CEO change positively, Herzog contends. She reiterates an Outperform rating on Newell Brands.
03/14/19
WELS
03/14/19
NO CHANGE
Target $22
WELS
Outperform
Wells Fargo sees upside to Newell Brands guidance following business deep-dive
Wells Fargo analyst Bonnie Herzog notes that Newell Brands' shares "continue to fade following a disappointing Q4 earnings report." At this point, the analyst believes expectations have been sufficiently rebased and investor sentiment is now "so bad, it's actually good." Overall, Herzog believes the market has lost sight of the underlying value in the company's businesses given all of the moving parts. While management's credibility is "deservedly low," the analyst thinks the stock can work once Newell Brands starts executing/delivering sequential fundamental improvement and has increased conviction that there is upside potential to Q1/FY19 guidance based on her detailed, bottom-up analysis of the company's seven continuing ops businesses. Herzog reiterates an Outperform rating on the shares, while raising her price target on the stock to $22 from $21.
02/19/19
RBCM
02/19/19
NO CHANGE
Target $20
RBCM
Sector Perform
Newell Brands price target lowered to $20 from $24 at RBC Capital
RBC Capital analyst Nik Modi lowered his price target on Newell Brands to $20 and kept his Sector Perform rating, noting that the company's recent disappointing outlook for Q1 and FY19 supported his prior view that its "fundamental issues would not be a quick fix." The analyst states that the guidance was further impacted by the "timing of divestitures, subsequent share repurchases, and elevated tax expense", adding that it spite of the 20% decline in Newell Brands stock price on Friday, it may be too early to call the bottom with revenue growth s set to decelerate and its divestitures yet to be completed.
02/19/19
WELS
02/19/19
NO CHANGE
Target $21
WELS
Outperform
Newell Brands price target lowered to $21 from $36 at Wells Fargo
Wells Fargo analyst Bonnie Herzog lowered her price target for Newell Brands to $21 from $36 following the sharp selloff in the stock. The analyst believes expectations have now been reset, and following her call with the company, she has increased conviction that FY19 guidance was set very conservatively, with potential upside to Q1, and the set-up has now become a beat-and-raise story over the next 12 months. Herzog reiterates an Outperform rating on the shares.

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V

Visa

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NAVB

Navidea

$0.17

0.0001 (0.06%)

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TISA

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FCPT

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PRK

Park National

$93.98

-2.72 (-2.81%)

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STNE

StoneCo

$26.50

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GPIC

Gaming Partners

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

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MMNFF

MedMen

$0.00

(0.00%)

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TKC

Turkcell

$5.49

-0.175 (-3.09%)

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FCCY

1st Constitution Bancorp

$18.07

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QUMU

Qumu

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-0.035 (-1.22%)

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FAT

Fat Brands

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0.065 (1.28%)

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HRTG

Heritage Insurance

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COTY

Coty

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0.02 (0.18%)

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NTES

NetEase

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-2.34 (-0.87%)

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