Bank of America Raises Price Target on Newell Rubbermaid (NWL)

Bank of America Raises Price Target on Newell Rubbermaid (NWL)

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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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.