Deutsche Bank Maintains a 'Buy' on Newell Rubbermaid (NWL); Polk-a-Party, NWL Names New CEO

Deutsche Bank maintains a 'Buy' on Newell Rubbermaid (NYSE: NWL), PT $21.

Deutsche analyst says, "Absent another recession, our view of a combination of compelling valuation, high free cash flow yield, strong market shares, decent innovation pipeline, repaired balance sheet and myriad cost savings programs makes Newell our top pick in the group. With overhang from CEO uncertainty
lifted, investors can again focus on the business, which has hit a soft patch but has considerable potential, especially crediting management's assertions that most recent challenges were more due to retailer purchase timing than anything more sinister."

For more ratings news on Newell Rubbermaid click here and for the rating history of Newell Rubbermaid click here.

Shares of Newell Rubbermaid closed at $15.35 yesterday.

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