Barclays analyst Julian Mitchell lowered the firm’s price target on Stanley Black & Decker to $105 from $110 and keeps an Overweight rating on the shares. The analyst reduced estimates post the Q4 report to account for the ongoing weakness in Stanley’s sales, which the firm says is weighing on its earnings and offsetting some of the cost reduction efforts.
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Read More on SWK:
- Stanley Black & Decker price target lowered to $82 from $90 at Baird
- Stanley Black & Decker sees FY24 adjusted EPS $3.50-$4.50, consensus $4.46
- Stanley Black & Decker reports Q4 adjusted EPS 92c, consensus 79c
- Stanley Black & Decker Reports 4Q & Full Year 2023 Results
- Notable companies reporting before tomorrow’s open
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