Goldman Sachs raised the firm’s price target on Stanley Black & Decker to $80 from $78 and keeps a Neutral rating on the shares. The strength in Tools and Outdoor offset the weakness in Engineered Fastening, the analyst tells investors in a research note. The company’s organic sales also fell 3%, driven by Tools and Outdoor on a slower-than-expected outdoor buying season and tariff-related shipment disruptions, the firm added. Goldman Sachs remains at neutral pending a clearer picture on the recovery path.
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