Stanley Black & Decker price target lowered to $60 from $70 at Wells Fargo

Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Stanley Black & Decker to $60 from $70 and keeps an Equal Weight rating on the shares. The firm notes the company gave helpful detail on tariff cost headwinds and planning in place to address the costs with a focus on minimizing the profit dollar impact. The challenge Wells sees is that price realization and demand destruction could vary considerably vs plan.