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New direction seen for Newell Rubbermaid

Aug. 12, 2015 9:24 AM ETNewell Brands Inc. (NWL) StockNWLBy: Clark Schultz, SA News Editor
  • UBS initiates coverage on Newell Rubbermaid (NASDAQ:NWL) with a Buy rating and $50 price target.
  • The investment firm sees potential for Newell to transition into an increasingly efficient integrated CPG operating company under new CEO Mike Polk.
  • UBS is comfortable with a historically high earnings multiple on NWL due to the fresh direction from management.

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