Bank of America Raises Price Target on Newell Rubbermaid (NWL)
Bank of America Merrill Lynch reported on Friday that they have raised their price target on marketer of consumer and commercial products, Newell Rubbermaid Inc.(NWL).
The firm has reaffirmed a “Buy” rating on NWL, and has increased the company’s price target from $27 to $28. This price target suggests a 17% increase from the stock’s current price of $23.34.
Newell Rubbermaid shares were mostly flat during premarket trading Friday. The stock has increased 27% in the past year.
The Bottom Line
Shares of Newell Rubbermaid Inc.(NWL) have a 2.57% yield, based on Thursday’s closing price of $23.34.
Newell Rubbermaid Inc.(NWL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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