Newell Brands shares climbed Monday, following a hike in rating and increase in price target from SunTrust.
Analysts at SunTrust raised the their rating on the consumer & commercial products maker’s stock to buy from hold. They also increased their price target on the shares to $25 from $15 a share – thereby representing a potential 36% upside from the stock's closing price Friday of $18.31.
Analyst Bill Chappell believes that the worst in business trends is has bottomed out, and that turnaround efforts are gaining traction for the company. Chappell also mentioned Newell stock's attractive valuation, calling it “too cheap".