Deutsche Bank Maintains Newell Rubbermaid Buy, $21 PT

Deutsche Bank maintained its Newell Rubbermaid NWL Buy rating and $21 price target in a research report published today. In the report, Deutsche Bank states, "Many investors have resisted Newell on the premise that brands and categories are in decay, consistent and sustainable earnings growth is untenable and the company really doesn't control its destiny. While we can refute these assertions on many fronts, recent fundamentals support this negative thesis, and company needs to show consistent sales, EBIT and EPS growth to regain credibility. Still, seeing the portfolio's potential and noting risk/reward is highly favorable at this valuation even without a macro rebound, we maintain our Buy and $21 target." Shares of Newell Rubbermaid were trading at $15.52 at the time of posting, up 8.00% from Thursday's market close.