Morgan Stanley raised the firm’s price target on Stanley Black & Decker to $87 from $80 and keeps an Equal Weight rating on the shares. The firm updated its risk/reward case for the stock following its most recent earnings report. While the firm models material gross-margin fueled EPS upside, this is balanced by tougher competition and a still soft Tools & Outdoor market with no clear catalyst for recovery, the analyst tells investors in a research note.
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