Analyst Expects Newell Brands to Turnaround in 2026 Following Its New Product Line

Newell Brands Inc. (NASDAQ:NWL) is one of the 7 Penny Stocks With Low Forward P/E Ratios to Look For.

On January 25, TheFly reported that Canaccord Genuity analyst Brian McNamara lifted the price target on Newell Brands Inc. (NASDAQ:NWL) from $7 to $8, keeping his Buy rating on the stock.

McNamara increased the price target as the company announced the relaunch of its Chesapeake Bay Fragrance line on January 22. The company highlighted that the relaunch brings a refreshed identity, which includes an expanded home fragrance line of candles and reed diffusers.

The analyst believes investors are satisfied with the progress made in the turnaround. McNamara was amazed by the significant improvement in fourth-quarter 2025 channel data, especially for Sharpie, Graco, and Rubbermaid, even though they accounted for less than a third of overall sales.

Despite a 54% drop in stock value over the last one year, through February 3, the analyst expects the turnaround to be bearing fruit and projects 2026 to be Newell’s first year of net distribution gains since the unfortunate Jarden acquisition almost a decade ago.

Since the relaunch announcement, Newell Brands Inc. shares surged by more than 16% in January 2026. NWL currently trades at a forward P/E of 6.64.

Newell Brands Inc. (NASDAQ:NWL) is focused on the design, manufacturing, sourcing, and distribution of consumer and commercial products. Newell operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation.

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