Barclays downgraded Stanley Black & Decker to Equal Weight from Overweight with a price target of $86, down from $100. The analyst thinks the company’s sales are likely to remain “sluggish” through 2025, given the need for further inventory reduction and a subdued consumer spend environment. Higher reinvestments may be required by Stanley in order to re-take market share, offsetting the upside from gross margin increases, the analyst tells investors in a research note.
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Read More on SWK:
- Pentair falls after Barclays highlights sluggish sales post meeting
- Stanley Black & Decker CEO sees gross margins increasing
- Stanley Black & Decker price target lowered to $100 from $107 at Barclays
- Stanley Black & Decker backs FY24 adjusted EPS view $3.50-$4.50, consensus $4.15
- Stanley Black & Decker reports Q1 adjusted EPS 56c, consensus 54c
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