- Newell Brands (NWL -5.2%) trades lower after Q4 EPS falls short of expectations.
- Jefferies analyst Kevin Grundy thinks the drop presents a buying opportunity.
- "While commodities will be headwind, we believe the co.’s EPS guidance is likely to be viewed as conservative given NWL’s clear (and long-awaited)” sales momentum, innovation contribution, operating leverage, favorable product mix from a recovery in writing, and cost controls."
- Jefferies keeps a Buy rating in place and price target of $30.
- Newell Brands posted a mixed report earlier today.