Jefferies Lifts Price Target On Newell Rubbermaid (NWL) on Improved Trends

Jefferies reaffirmed estimates and lifted its price target on Newell Rubbermaid (NYSE: NWL) from $16 to $17 while maintaining a Hold rating.

The firm cited improved core sales growth and operating margin trends in the 3Q. "While we expect category softness and competitive pressures domestically to remain challenging, we are encouraged to see steady results delivered and structural SG&A expenses reduced."

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 $15.36 yesterday.

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