Deutsche Bank Maintains Newell Rubbermaid Buy, $20 PT (NWL)

Deutsche Bank maintained its Newell Rubbermaid NWL rating of Buy and $20 price target in a research report published today. In the report, Deutsche Bank states, "We believe Newell is in the early stages of a multi-year recovery as macro improves, albeit slowly and company is much better equipped to capitalize on these trends. Company is leaner and more focused than past cycles, balance sheet is largely repaired, brands are in relatively solid shape and several signs point to continued earnings growth as emerging markets ex- pand, innovations are well received and restructuring savings gain traction." Shares of Newell Rubbermaid were trading at $18.94 at the time of posting, up 3.78% from Wednesday's market close.