Newell Rubbermaid expands office in Shangai Newell Rubbermaid announced the expansion of its office in Shanghai as the company continues to drive its Growth Game Plan into action. "We are adding space to accommodate a growing team with new capabilities, supported by a larger investment in the brands within our portfolio that have the ability to win bigger in this priority market," said the company. "For a number of years, our Tools and Fine Writing businesses have led the way in China with solid growth, and our Commercial Products and Baby segments are also making good progress. We are now in a position to begin building our go-to-market system at scale in China, utilizing Shanghai as a key hub."
Newell Rubbermaid downgraded to Perform from Outperform at Oppenheimer Oppenheimer downgraded Newell Rubbermaid based on valuation and its belief that the company's ability to beat EPS expectations is limited. Target to $40 from $38.