0851 ET - Barclays thinks Friday's 26% plunge in Newell Brands was likely overdone. Analyst Lauren Lieberman says in a note that while guidance came in below street estimates and the company reported a weak quarter, "not one investor we spoke to viewed Newell's share price reaction... as warranted (and nor do we)." Lieberman says Wall Street "is trying to rationalize what feels like an irrational move." The analyst reiterates her overweight recommendation on Newell Brands and $11 price target. Newell is up 4.2% to $7.43 premarket. (Natasha.Khan@wsj.com)
(END) Dow Jones Newswires
February 10, 2025 08:51 ET (13:51 GMT)
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