Mixed Analyst Views on Newell Brands (NWL)

Core Viewpoint - Newell Brands Inc. (NASDAQ:NWL) is recognized as one of the best penny stocks to buy, with a Buy rating and a price target of $7 from Canaccord Genuity following investor meetings with management [1][2]. Management Confidence and Strategy - The management team, including CEO Christopher Peterson and CFO Mark Erceg, expressed confidence in the company's turnaround strategy, which has been in progress for approximately two and a half years [2]. - Canaccord Genuity anticipates that 2026 will mark the first year of net distribution gains for Newell Brands since its acquisition of Jarden, indicating potential positive outcomes from the turnaround efforts [4]. Workforce and Cost-Saving Measures - Newell Brands announced a workforce reduction of about 10% of its professional and clerical employees and plans to close around 20 Yankee Candle stores in the US and Canada [3]. - The company expects these productivity measures to yield annualized pre-tax cost savings of approximately $110 million to $130 million once fully implemented [3]. Mixed Analyst Perspectives - UBS has lowered its price target for Newell Brands from $5.50 to $4.00, suggesting that investors may adopt a cautious "wait and see" approach until clearer evidence of improved performance emerges [5].