- 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.
New direction seen for Newell Rubbermaid
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Symbol | Last Price | % Chg |
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NWL | - | - |
Newell Brands Inc. |