During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Raymond James analyst Olivia Tong reiterated a Strong Buy rating on the shares of Newell Brands Inc (NASDAQ: NWL) and lowered the price target from $18 to $17.
Newell Brands Inc (NASDAQ: NWL) reported better-than-expected Q4 results.
Newell Brands reported a fourth-quarter FY22 sales decline of 18.5% year-on-year to $2.29 billion, beating the consensus of $2.23 billion. Adjusted EPS of $0.16 beat the analyst consensus of $0.11.
Companies Reporting Before The Bell
• Global Payments (NYSE:GPN) is expected to report quarterly earnings at $2.41 per share on revenue of $2.01 billion.
The CNN Money Fear and Greed index showed some decline in the overall sentiment among US investors.
US stocks closed lower on Thursday as investors assessed recent batch of corporate earnings.