Stanley Black & Decker upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Stanley Black & Decker to Overweight from Equal Weight with a price target of $90, up from $69. Following the news that U.S. and China tariffs would be significantly lower than what was discussed in April, Stanley’s worst-case earnings outlook “looks to be off the table,” the analyst tells investors in a research note. The firm says the company is the name that screened as most vulnerable within multi-industry to China – U.S. tariffs. It points out Stanley has taken actions to mitigate the impact of tariffs.