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Investing.com - UBS maintained its Neutral rating and $5.50 price target on Newell Brands Inc (NASDAQ:NWL) following the company’s latest earnings report. The stock, currently trading at $13,254.20, sits comfortably above its 52-week low of $11,100.90, having delivered an impressive 11.84% return over the past year. For deeper insights into NWL’s valuation and growth potential, check out the comprehensive analysis available on InvestingPro.
Newell Brands delivered an in-line earnings per share (EPS) performance despite weaker core sales, with strong margin progress offsetting top-line softness.
The company lowered its EPS guidance range to account for tariffs and narrowed its core sales outlook to the lower end of its previous range, with third-quarter EPS and core sales projections falling short of Street estimates.
Updated guidance implies a significant improvement in core sales performance and stronger bottom-line delivery in the fourth quarter, which UBS identified as a key focus area for investors.
UBS noted investor sentiment on Newell has become mixed, with some attracted to the stock’s valuation while others remain cautious due to softening sales trends and a weakening demand environment.
In other recent news, Newell Brands Inc. has announced the pricing of a $1.25 billion senior unsecured notes offering with an 8.50% interest rate, set to mature in 2028. The company intends to use the proceeds to redeem its 4.200% senior notes due in 2026, along with covering related fees and expenses. In terms of analyst activity, JPMorgan upgraded Newell Brands from Neutral to Overweight, raising the price target to $7.00, citing the company’s successful turnaround efforts and competitive manufacturing footprint. Citi also adjusted its price target for Newell, increasing it to $6.00 while maintaining a Neutral rating, anticipating a slight decline in core sales for Q2 2025. UBS kept its Neutral rating with a $5.00 price target, noting a positive outlook from Newell’s management on long-term growth and margin improvement. Canaccord Genuity continues to hold a Buy rating with an $11.00 target, acknowledging the company’s strategic achievements and competitive supply chain advantages. These developments reflect a mix of cautious optimism and strategic progress within Newell Brands.
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