Citi analyst Eric Lau upgraded Stanley Black & Decker (SWK) to Neutral from Sell with a price target of $106, up from $69, post the Q4 results. The company’s 2023 organic growth trajectory came in slightly better than expected, the analyst tells investors in a research note. However, the firm still views the stock’s valuation as "excessive" and prefers "stronger player" Techtronic (TTNDY).
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Published first on TheFly
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Read More on SWK:
- Stanley Black & Decker price target raised to $99 from $79 at Deutsche Bank
- Stanley Black & Decker downgraded to Neutral from Buy at Longbow
- Stanley Black & Decker sees 2024 EPS ‘closer to $5.00’
- Stanley Black & Decker sees FY23 adjusted EPS $0.00-$2.00, consensus $4.20
- Stanley Black & Decker reports Q4 EPS (10c), consensus (31c)