Baird analyst Timothy Wojs lowered the firm’s price target on Stanley Black & Decker to $82 from $90 and keeps a Neutral rating on the shares. The firm said its turnaround initiatives appear to progressing nicely with Q4 highlighting better-than-expected sequential gross margin improvement, better inventory depletion, and FCF toward higher end of expectations and noting 2024 guidance includes consensus near the high-end of range.
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Read More on SWK:
- 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
- Stanley Black & Decker (SWK) Q4 Earnings Cheat Sheet
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