ACCO Brands Corporation (ACCO) Reshapes Leadership Amid Ongoing Restructuring

ACCO Brands Corporation (NYSE:ACCO) is among the 10 Best Growth Stocks Under $100 to Buy Now. ACCO Brands Corporation (NYSE:ACCO) is undergoing major restructuring in line with its long-running restructuring and cost-saving initiative. This $341.926 million market capitalization company has announced several changes to the senior executive leadership team.

When a company starts to refresh its team, the impact on numbers and strategies is loud, and that’s what will happen with ACCO Brands Corporation (NYSE:ACCO). Although it has often performed poorly in the past, the company seems to be going in a new direction. Analysts at Yahoo Finance maintain a one-year price target of $9.67, implying an upside of over 150% from the current levels. Other analysts share similar views while keeping an “Outperform” rating for the stock.

A well-stocked stationery store, depicting a range of consumer products for sale.

Through these changes, the company aims to streamline its operations, position prominent leaders closer to customers, and unlock additional value from its global sourcing capabilities. As the President and CEO of ACCO Brands Corporation (NYSE:ACCO) stated,

“We are focused on delivering sustained, profitable sales growth, and our leadership team is committed to providing value to our customers and consumers.”

ACCO Brands Corporation (NYSE:ACCO) is an Illinois-based leading company that designs, produces, and commercializes various branded business, consumer, and academic products. Founded in 1893, the giant operates through two main segments: ACCO Brands Americas and ACCO Brands International. The company is well-positioned in the global market from the Middle East and Asia to Europe and Australia.

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Disclosure: None.