Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Stanley Black & Decker to $75 from $70 and keeps an Equal Weight rating on the shares. The firm believes the key focus is T&O margin acceleration in the second half of the year. It’s price-driven on full realization of pricing implemented in Q2, with more planned for Q4. Supply chain actions will also contribute. So far, demand response to pricing is pacing as expected, Wells adds.
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