NWL’s Top Line Accelerating On Macro Recovery And Reinvestment

Analysts at Deutsche Bank maintain their "buy" rating on Newell Rubbermaid NWL. The target price for NWL is set to $20. NWL’s top line is showing growth signs from the combination of “macro recovery and reinvestment, with margin upside likely as company benefits from volume leverage and restructuring savings.” The analysts from the analysts day on May 26 are expecting the “company to provide us with a near-term outlook and lay out a compelling mid- to long-term growth story.” Deutsche Bank mentions, “We summarize the challenges the company has faced over the last 12 months including macro issues, trade destocking, negative volume leverage, and liquidity concerns. We also look at the potential early recovery and outlook as macro improves, restructuring and cost savings begin to impact top-line, margins and cash flow. After surviving serious cash flow issues last year, the company is reinvesting in strategic spending again to jumpstart organic sales growth and take market share, which is required for meaningful multiple expansion from here.” More Analyst Ratings here