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.
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Read More on SWK:
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