Mizuho raised the firm’s price target on Stanley Black & Decker to $90 from $80 and keeps an Outperform rating on the shares. The firm updated estimates in the electrical equipment and multi-industry sector post earnings. Pent-up demand in investment and capex, the reemergence of profit generation and positive portfolio shaping are common themes, the analyst tells investors in a research note. Mizuho’s top picks are Carrier Global (CARR), Emerson Electric (EMR), Pentair (PNR), Applied Industrial (AIT) and Stanley Black & Decker (SWK).
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Read More on SWK:
- Stanley Black & Decker price target lowered to $100 from $120 at UBS
- Stanley Black & Decker upgraded to Overweight from Equal Weight at Barclays
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- Stanley Black & Decker price target raised to $65 from $60 at Baird
- Stanley Black & Decker price target lowered to $60 from $70 at Wells Fargo
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