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Suntrust cools on Newell Brands

Published 03/27/2018, 08:10 AM
© Reuters.  Suntrust cools on Newell Brands
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  • SunTrust downgrades Newell Brands (NYSE:NWL) to a Hold rating after having the consumer products seller set at Buy.
  • The investment firm lowers its price target to $30 from $35.
  • Newell Brands is looking to reposition itself through strategic initiatives after working out a board agreement with Carl Icahn.
  • Shares of Newell are down 16% YTD.
  • Now read: 5 Undervalued Large-Cap Stocks For Value Investors - March 2018


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