Goldman Sachs analyst Joe Ritchie raised the firm’s price target on Stanley Black & Decker to $84 from $78 and keeps a Neutral rating on the shares. The company’s Q4 beat was driven largely by stronger margins in Tools & Outdoor segment, the analyst tells investors in a research note. Despite a challenging market backdrop, Stanley Black & Decker is actively managing what it can control, including pricing, tariff mitigation, cost actions and working-capital discipline, to protect margins and cash flow, the firm added.
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