4 days ago
J.P. Morgan Maintains a Buy Rating on Newell Brands (NWL), Sets a $7 PT
Newell Brands Inc. (NYSE:NWL) is one of the best undervalued defensive stocks to buy according to analysts. In a report released on August 1, Andrea Faria Teixeira from J.P. Morgan maintained a Buy rating on Newell Brands Inc. (NYSE:NWL) with a price target of $7.00.
A technician inspecting a commercial kitchen appliance in a factory line. The analyst told investors in a research note that, despite the recent guidance cut, they believe that the worst is possibly behind Newell Brands Inc. (NYSE:NWL) and the current market opportunity presents a buying opportunity. Teixeira added that Newell Brands Inc. (NYSE:NWL) has exhibited resilience by expanding margins in seven consecutive quarters, driven by a focus on operating expense rationalization and cost-cutting measures. Newell Brands, Inc. (NYSE:NWL) is a global consumer goods company that manufactures, markets, and sells consumer and commercial products. Its Home and Commercial Solutions segment offers commercial cleaning and maintenance solutions, hygiene systems, garage and closet organization products, and others. While we acknowledge the potential of NWL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
