Yahoo Finance

Barclays analyst Lauren Lieberman views the 26% selloff in shares Newell Brands (NWL) on Friday post the company’s earnings report as unwarranted. Wall Street “is trying to rationalize what feels like an irrational move,” the analyst tells investors in a research note. The firm says that while Newell’s guidance came in below Street estimates and the company reported a weak quarter, “not one” investor it spoke to viewed the share price reaction as warranted, and nor does the firm. Barclays keeps an Overweight rating on Newell with an $11 price target

Maximize Your Portfolio with Data Driven Insights:

• Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.

• Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on NWL:

• Newell Brands price target lowered to $9 from $9.50 at RBC Capital

• Newell Brands price target lowered to $14 from $15 at Canaccord

• Newell Brands price target lowered to $9 from $11 at Wells Fargo

• Newell Brands price target lowered to $7.75 from $10.50 at Citi

• Newell Brands Shows Margin Improvements Amid Sales Decline