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Stanley Black & Decker price target lowered to $75 from $82 at Wells Fargo

Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Stanley Black & Decker to $75 from $82 and keeps an Equal Weight rating on the shares. The firm notes housing stocks have lagged the SPX by 12 points post Iran war start. With that said, Wells believes the group isn’t fully derisked into Q1, keeping the firm selective across its calendar reporters.

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