Newell Brands (NWL) Reports In-Line Q2 EPS, Beats on Revenues; Boosts FY17 Revenue Outlook

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Newell Rubbermaid (NWL) PT Lowered to $65 at Jefferies; Reiterates Buy

August 7, 2017 7:30 AM EDT

Jefferies lowered its price target on Newell Rubbermaid (NYSE: NWL) to $65.00 (from $66.00) while maintaining a Buy rating following the company's 2Q. NWL reported in-line EPS of $0.87, though quality was mixed with core sales a bit light and OM % worse, driving modest 1% OI downside,... More