Truist has adjusted its price target for Newell Brands (NWL, Financial), reducing it from $17 to $8. Despite the decreased target, the firm maintains a Buy rating for the stock. This adjustment comes as Truist considers the recent changes in market dynamics and the overall contraction seen across various industry groups. These factors have influenced the recalibration of expectations ahead of Newell Brands' upcoming quarterly results announcement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Newell Brands Inc (NWL, Financial) is $8.68 with a high estimate of $17.00 and a low estimate of $4.75. The average target implies an upside of 66.19% from the current price of $5.22. More detailed estimate data can be found on the Newell Brands Inc (NWL) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Newell Brands Inc's (NWL, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Newell Brands Inc (NWL, Financial) in one year is $8.79, suggesting a upside of 68.39% from the current price of $5.22. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Newell Brands Inc (NWL) Summary page.
