J.P. Morgan Maintains a Buy Rating on Newell Brands (NWL), Sets a $7 PT

Newell Brands Inc. (NYSE:NWL) is one of the best undervalued defensive stocks to buy according to analysts. In a report released on August 1, Andrea Faria Teixeira from J.P. Morgan maintained a Buy rating on Newell Brands Inc. (NYSE:NWL) with a price target of $7.00.

Newell Brands (NWL) Gets 10.3% Boost from Adobe Partnership

A technician inspecting a commercial kitchen appliance in a factory line.

The analyst told investors in a research note that, despite the recent guidance cut, they believe that the worst is possibly behind Newell Brands Inc. (NYSE:NWL) and the current market opportunity presents a buying opportunity.

Teixeira added that Newell Brands Inc. (NYSE:NWL) has exhibited resilience by expanding margins in seven consecutive quarters, driven by a focus on operating expense rationalization and cost-cutting measures.

Newell Brands, Inc. (NYSE:NWL) is a global consumer goods company that manufactures, markets, and sells consumer and commercial products.

Its Home and Commercial Solutions segment offers commercial cleaning and maintenance solutions, hygiene systems, garage and closet organization products, and others.

While we acknowledge the potential of NWL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NWL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.