Deutsche Bank Reports on Newell Rubbermaid

Deutsche Bank commented on New Rubbermaid NWL in a report released yesterday. In the report, Deutsche Bank was mixed in its assessment of the company. Deutsche Bank writes, "Stock is trading off on concerns around (i) lowered guidance despite somewhat upbeat recent management commentary and (ii) seemingly aggressive back half assumptions. Having lived through other NWL negative revision cycles, we understand why some investors may be weary of future reductions, but even with below guidance sales and EPS we are modeling, we think the bad news is priced in absent another real recession." Deutsche Bank currently has a Buy rating on Newell Rubbermaid and a price target of $21. Shares of Newell Rubbermaid closed at $14.45 on Monday.