Newell Rubbermaid

JP Morgan has lowered the price target on Newell Rubbermaid (NYSE: NWL) from $21.50 to $17.50 and maintains its Overweight rating.

Newell Rubbermaid Inc. (NYSE: NWL) posted normalized Q1 EPS of $0.30, “which was ahead of our estimate of $0.27 and Bloomberg consensus of $0.28,” J.P. Morgan reports. “Top line was in-line with our expectations, which was the low on the Street heading into the quarter, while gross margin...

According to Morgan Stanley, Newell Rubbermaid (NYSE: NWL) Q1 quality was weak, with a 200 bp topline miss. Morgan Stanley said that it reiterated FY topline/GM/EPS guidance should be a relief given market concerns over commodity cost pressure. “EPS of $0.30 was ahead of the $0.28 consensus, but a...

Citi is out with its report today on Newell Rubbermaid (NYSE: NWL), reiterating Buy. In a note to clients, Citi writes, "Given our outlook for continued margin expansion, coupled with expected non-operating benefits from the company's restructuring programs and focus on international expansion, we...

Jefferies is out with its report today on Newell Rubbermaid (NYSE: NWL), increasing its 2011 EPS estimate. In a note to clients, Jefferies writes, "We are slightly raising our 2011E ongoing EPS estimate by two pennies to $1.67, up +10.2%, below consensus $1.69 and at the low end of mgt's $1.67 - $1...

Jefferies has initiated coverage of Newell Rubbermaid (NYSE: NWL) with a Hold rating and 12-month price objective of $20/share.

Morgan Stanley released its Americas Equity Morning Summary with the following updates: Upgrades: Newell Rubbermaid (NYSE: NWL) from Equal-Weight to Overweight. Initiates Coverage: Fresh Market (NASDAQ: TFM) with an Overweight rating and $42 price target. Price Target Up: Broadcom Corp. (NASDAQ:...

In a tepid consumption environment, most players had increased trade spending levels to accelerate volume growth, “but we are seeing signs that these are now beginning to ease as managers realize the implications on price/mix, underlying margin trends and category growth,” Deutsche Bank reports. “...

Newell Rubbermaid Inc. (NYSE: NWL) posted normalized Q3 EPS of $0.42, “which was a penny below our forecast, but ahead of the Bloomberg consensus estimate of $0.41,” J.P. Morgan reports. “The key takeaway is that core sales accelerated to 5.7% in the quarter despite significant macro headwinds,” J....

The channel migration industry is facing high unemployment and cautious consumers, and industry spending has been aggressive to drive volume growth at the expense of category growth and profits, Deutsche Bank reports. Mass and super-centers are losing market share in the US and consumers are being...

Newell Rubbermaid (NYSE: NWL) is currently trading lower on the session to $17.49, off 2.94%. The company announced a new product launch this morning (biodegradable pens), but that does not seem to be impacting the name in any way. Options action is favoring the put side where 1,973 June $15 puts...