Mixed Analyst Views on Newell Brands (NWL)

Newell Brands Inc. (NASDAQ:NWL) is 1 of the 10 Best US Penny Stocks to Buy. On December 3, Canaccord Genuity reiterated its Buy standing connected Newell Brands Inc. (NASDAQ:NWL) with a terms people of $7. This update comes aft capitalist meetings with the company’s absorption squad successful Boston.

Canaccord Genuity pointed retired that the company’s management, including CEO Christopher Peterson and CFO Mark Erceg, showed assurance contempt a hard year. Newell Brands Inc. (NASDAQ:NWL) is pleased with the advancement of its turnaround strategy, which has been underway for astir 2 and a fractional years.

Newell Brands Inc. (NASDAQ:NWL) has announced a workforce simplification of astir 10% of its nonrecreational and clerical employees. The institution volition besides adjacent astir 20 Yankee Candle stores successful the US and Canada. Newell Brands Inc. (NASDAQ:NWL) expects this productivity program to present annualized pre-tax outgo savings of astir $110 cardinal to $130 cardinal erstwhile it is afloat implemented.

Canaccord Genuity expects 2026 to beryllium the archetypal twelvemonth of nett organisation gains for the institution since its acquisition of Jarden, which was completed astir a decennary ago. This suggests that the company’s turnaround efforts whitethorn beryllium starting to amusement results.

However, connected December 2, UBS reduced its terms people connected Newell Brands Inc. (NASDAQ:NWL) from $5.50 to $4.00. The probe steadfast pointed retired that investors are expected to stay cautious and instrumentality a “wait and see” attack until determination is clearer grounds that the company’s show is starting to materialize.

Newell Brands Inc. (NASDAQ:NWL) is an American user goods institution with a beardown portfolio of brands specified arsenic Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer’s, Oster, NUK, Spontex, and Campingaz.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.