Stanley Black & Decker price target lowered to $80 from $102 at Morgan Stanley

Morgan Stanley analyst Christopher Snyder lowered the firm’s price target on Stanley Black & Decker to $80 from $102 and keeps an Equal Weight rating on the shares. The firm, which sees “a more balanced than normal dispersion of beats & misses” into Q3 from its multi-industry coverage, thinks positive forward revisions “will be a rarity this EPS season” among the group, the analyst tells investors in a preview.