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Stanley Black & Decker upgraded to Peer Perform at Wolfe Research

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.

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