Oppenheimer Upgrades Newell Rubbermaid (NWL) to Outperform

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May 7, 2012 8:11 AM EDT
Get Alerts NWL Hot Sheet
Price: $6.24 +1.13%

Rating Summary:
    13 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Oppenheimer upgraded Newell Rubbermaid (NYSE: NWL) from Perform to Outperform with a price target of $23.00.

The firm comments, "Our upgrade of the shares of NWL to Outperform from Perform is based on our increased confidence that, through its Project Renewal restructuring program and new growth game plan, the pieces are in place for the company to evolve into a solid multi-year growth story. This should lead to both an acceleration in sustainable top- and bottom-line growth, as well as multiple expansion over time."

For an analyst ratings summary and ratings history on Newell Rubbermaid click here. For more ratings news on Newell Rubbermaid click here.

Shares of Newell Rubbermaid closed at $18.56 yesterday.

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