Wolfe Research analyst Nigel Coe upgraded Stanley Black & Decker to Peer Perform from Underperform without a price target The firm says that for the first time in two years, it no longer sees outsized risk of negative earnings revisions for Stanley. The company’s end markets “are troughy” and could benefit from the Federal Reserve’s pivot to easing, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SWK:
- Stanley Black & Decker price target raised to $70 from $60 at Wells Fargo
- Stanley Black & Decker Announces New CEO Appointment
- Stanley Black & Decker CEO Donald Allan to switch to chairman role
- Stanley Black & Decker Secures New $1.25 Billion Credit
- Stanley Black & Decker price target raised to $90 from $80 at Mizuho